Direct Tax means a tax levied under its domestic laws, by a country on persons (including juristic persons), in respect of income, capital gains, net worth, property, donations and gifts and includes estate duties;
Direct Tax means any tax or duty directly applicable to the completed supplies or services covered by this subcontract, or any other tax or duty from which the Seller or this transaction is exempt. It includes any tax or duty directly applicable to the importation, production, processing, manufacture, construction, sale, or use of such supplies or services; it also includes any tax levied on, with respect to, or measured by sales, receipt from sales, or use of the supplies or services covered by this subcontract. The term does not include transportation taxes, unemployment compensation taxes, social security taxes, income taxes, excess-profits taxes, capital stock taxes, property taxes, and such other taxes as are not within the definition of the term “direct tax” as set forth above in this paragraph.
Direct Tax shall have the meaning ascribed to it in Clause 9.1.
Examples of Direct Tax in a sentence
Accordingly, it is currently unclear what effect the Direct Tax Code would have on our financial statements.
In addition, it is likely that the Direct Tax Code, once introduced, could significantly alter the taxation regime, including incentives and benefits, applicable to us or other infrastructure development activities.
Notes: • The above Statement of Possible Direct Tax Benefits sets out the provisions of law in a summary manner only and is not a complete analysis or listing of all potential tax consequences of the purchase, ownership and disposal of equity shares; • The above Statement of Possible Direct Tax Benefits sets out the possible tax benefits available to the Company and its shareholders under the current tax laws presently in force in India as amended from time to time.
The proposed tax changes to the income tax regime by introduction of the draft Direct Tax Code (“DTC”) may result in extinguishment of benefits available under Section 80CCF of the Income Tax Act.
Direct Tax There are no special direct tax benefits available to the Shareholders of the Company.
More Definitions of Direct Tax
Direct Tax or “Direct Taxes” shall mean income tax, corporate tax, or similar tax or levy, wherever and whenever charged, levied or imposed together with any interest and penalties in relation thereto.
Direct Tax shall have meaning ascribed to it in Clause 8.1. 1.21 "Effective Date" means the date of Letter of Award. 1.22 "Emergency Event" means a sudden and unexpected event or circumstance which has caused or reasonably threatens to cause (i) serious bodily injury to any personnel employed at the Site or any other Persons at or in the vicinity of the Site; (ii) serious physical damage to the Plant, including the Facility or other material or property located at or in the vicinity of the Site; (iii) a work stoppage or other serious labour disturbance at the Site; (iv) imposition of fines or other penalties or sanctions under any Applicable Law, which fines, penalties or sanctions would be likely to affect seriously the ability of Owner or the Contractor to perform any of its or their obligations under this Contract; or (v) an occurrence of any accident materially impacting on the environment. 1.23 “Facility” or “Facilities” means entire Plant and Non-Plant area available for Horticulture and Landscaping Services in 2 x 363.3 MW ONGC Tripura Power Plant at Palatana including River Water Intake System area. 1.24 "Force Majeure" shall have the meaning ascribed to it in Clause 18.1.
Direct Tax means any tax, fee, surcharge, or exaction of any other type which are legally imposed on Supplier by a tax authority, including any tax on or measured by Supplier’s income, gross receipts (including Ohio’s Commercial Activity Tax), capital, net worth, franchise, privilege, property or any employment-related tax imposed on Supplier.
Direct Tax means a tax paid directly to the government that is levied directly on the income, capital, property, real property, of a person, natural person, or organization, examples of direct taxes include income taxes, and ad valorem taxes placed on the appraised value of property.
Direct Tax means any tax, fee, surcharge, or exaction of any other type which are legally imposed on Company by a tax authority, including any tax on or measured by Company’s income, gross receipts (including Ohio’s Commercial Activity Tax), capital, net worth, franchise, privilege, property or any employment- related tax imposed on Company; (ii) “Transactional Tax” means any value-added tax, goods and services tax, turnover, sales, use, excise, or consumption tax that is legally imposed either jointly or severally on Licensee relating to the sale of products or services to Licensee under this Agreement. Transactional Taxes do not include any Tax that that is statutorily imposed on Company that arises from Company’s consumption of any product or services, including Argentine Ingresos Brutos, Brazilian PIS/COFINs social contribution taxes and ISS municipal service taxes, and IOF Financial Tax on Exchange Transactions, or other taxes of a similar nature. Transactional Tax does not include any Telecommunication Charges; (iii) “Telecommunications Charges” means any duty, levy, surcharge, fee, or similar payable that is due to any governmental (other than a tax authority), or collecting society or agency, by reason of telecommunications regulatory law or other law.
Direct Tax means income tax, corporate tax, or similar tax or levy, wherever and whenever charged, levied or imposed together with any interest and penalties in relation thereto.
Direct Tax means the direct annual tax levied on all taxable property within the corporate limits of the City by the City Resolution authorized by Section 7-53-311 of the Act and pledged by the City to the payment of Lease Payments under the Lease..