Estimated tax payable definition

Estimated tax payable means the amount calculated under s. 71.09 (13) or 71.29 (9) or (10), Stats.
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Examples of Estimated tax payable in a sentence

  • INCOME TAX EXPENSE Estimated tax payable: CurrentUnder provision in prior yearsDeferred tax (Note 26) TotalThere is no income tax expense for the Group and for the Company in 2001 and 2000 as the Group and the Company do not have any taxable income.

  • Estimated tax payable: Current year:2015rm'000 2014rm'000 2015rm'000 2014rm'000Malaysian income tax2,833 3,023 128 159Foreign income tax5,577 5,608 - -(Over)/Underprovision in prior years(1,459) 632 (261) - 6,951 9,263 (133) 159Deferred tax (Note 20): Current year(3,132) 920 - -Under/(Over)provision in prior years2,538 (835) - - (594) 85 - - 6,357 9,348 (133) 159 Domestic current income tax is calculated at the Malaysian statutory tax rate of 25% (2014: 25%) of the estimated assessable profit for the year.

  • Estimated tax payable: ANNUAL REPORT 2005 75NOTE3 TO THEFINANCIAL 3TATEMENT3 10.

  • Estimated tax payable based on the previous year tax liability increased by an uplift of 5%.

  • In lieu of the notebooks, filled with “unusual words, strange stories, customs regarding horsemanship and cattle-ranching” with which regionalist novelists Ricardo Güiraldes and Rómulo Gallegos prove their status as experts, Arguedas brandishes his bilingualism (González Echevarría 155).

  • Estimated tax payable is VND 149 billion, resulting in estimated net proceeds of VND 781 billion.

Related to Estimated tax payable

  • Consolidated Taxes means, with respect to any Person for any period, the provision for taxes based on income, profits or capital, including, without limitation, state, franchise, property and similar taxes, foreign withholding taxes (including penalties and interest related to such taxes or arising from tax examinations) and any Tax Distributions taken into account in calculating Consolidated Net Income.

  • Assumed Tax Liability means, with respect to any Member, an amount equal to the excess of (i) the product of (A) the Distribution Tax Rate multiplied by (B) the estimated or actual cumulative taxable income or gain of the Company, as determined for federal income tax purposes, allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, less prior losses of the Company allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, in each case, as determined by the Manager and to the extent such prior losses are available to reduce such income over (ii) the cumulative Tax Distributions made to such Member after the closing date of the IPO pursuant to Sections 4.01(b)(i), 4.01(b)(ii) and 4.01(b)(iii) and, if applicable with respect to such Fiscal Year, pursuant to Section 4.1(a) of the Previous LLC Agreement; provided that, in the case of the Corporation, such Assumed Tax Liability (x) shall be computed without regard to any increases to the tax basis of the Company’s property pursuant to Sections 734(b) or 743(b) of the Code and (y) to the extent permitted under the Credit Agreements and applicable Law, shall in no event be less than an amount that will enable the Corporation to meet both its tax obligations and its obligations pursuant to the Tax Receivable Agreement for the relevant Taxable Year; provided further that, in the case of each Member, and for the avoidance of doubt, such Assumed Tax Liability shall take into account any Code Section 704(c) allocations (including “reverse” 704(c) allocations) to the Member.

  • Value Added Taxes means such sum as shall be levied upon amounts payable to the Consultant under this Contract by any Governmental Authority that is computed as a percentage of the amounts payable to the Consultant (including all other Taxes but excluding Value Added Taxes), and includes the HST, and any similar tax, the payment or collection of which, by the legislation imposing such tax, is an obligation of the Consultant.

  • Assumed Tax Rate means the highest effective marginal combined U.S. federal, state and local income tax rate for a Fiscal Year prescribed for an individual or corporate resident in New York, New York (taking into account (a) the nondeductiblity of expenses subject to the limitation described in Section 67(a) of the Code and (b) the character (e.g., long-term or short-term capital gain or ordinary or exempt income) of the applicable income, but not taking into account the deductibility of state and local income taxes for U.S. federal income tax purposes). For the avoidance of doubt, the Assumed Tax Rate will be the same for all Partners.

  • Local taxes means all taxes levied other than taxes levied for school operating purposes.