Export income definition

Export income means net profits derived by a taxpayer from the business of exporting goods and services but excludes re-exports. Deduction shown below:
Sample 1Sample 2
Export income means net profits derived by a taxpayer from the business of exporting goods and services but excludes re-exports. Deduction shown in Table 4.
Sample 1Sample 2

Examples of Export income in a sentence

  • Export income from real estate businessThe Company is making continuous effort to explore and develop the existing as well as new export markets for its products.

  • Export income can fluctuate significantly from one year to the next, and these fluctuations spread quickly throughout the economy.

  • Export income will be subject to zero corporate tax (as at present) and domestic sales income subject to standard taxation.2 Import duties will be paid or relieved dependent on the final destination of sales.

  • Export income deduction available under section 23 of the ITA 2015 should be increased or maintained (at least) at 50% indefinitely.

  • Table 4: Export Income Deduction • Export income deduction will only be allowed if the Commissioner of Inland Revenue is satisfied that the export earnings will be remitted to Fiji.

  • Export income from real estate business The Company is making continuous effort to explore and develop the existing as well as new export markets for its products.

  • Export income can and usually does involve some amount of foreign-source income.

  • Export income (from goods and services) should fall under Paragraph A above.

  • Bad Subsidized loans VAT exemption on exported inputs Reduction in local, municipal taxes/dutiesLoss write-off Export income treated preferentiallyDuty drawback VAT exemption for raw materials Raw material import duties exemptedAccelerated depreciation VAT exemption for capital goodsLower tax rate Investment/reinvestment allowanceTax exemption/holiday Capital goods import duties exempted0 10 20 30 OECD countries Developing countries 40 50Number of countriesNote: VAT is value added tax.

  • Export income on which tax exemption is allowed is as given in the above table (that is, 80 per cent in the first year, 70 per cent in the second year and so on).

Related to Export income

  • Exempt income means all of the following:

  • Corrupt practices means the offering, giving, receiving or soliciting of anything of value to influence the action of a Government official in procurement process or in contract execution: and

  • covenant income means the gross income payable to a full-time student under a Deed of Covenant by his parent;

  • corrupt practice means the offering, giving, receiving, or soliciting of anything of value to influence the action of a public official in the procurement process or in contract execution.

  • Export Control Laws means all applicable export and re-export control laws and regulations, including (a) the Export Administration Regulations (“EAR”) maintained by the U.S. Department of Commerce, (b) trade and economic sanctions maintained by the U.S. Treasury Department’s Office of Foreign Assets Control, and (c) the International Traffic in Arms Regulations (“ITAR”) maintained by the U.S. Department of State.

  • Trust Income has the meaning set forth in the Trust Agreement.

  • Income Tax Act means the Income Tax Act, 1962 (Act No. 58 of 1962);

  • Integrated Goods and Services Tax Act means the Integrated Goods and Services Tax Act, 2017;

  • Veteran-owned small business concern means a small business concern—

  • Bribery Act means the Bribery Act 2010 and any subordinate legislation made under that Act from time to time together with any guidance or codes of practice issued by the relevant government department concerning this legislation;

  • Privacy Act means the Privacy Act 1988 (Cth).

  • Business income means income arising from transactions and activity in the regular course of the taxpayer's trade or business and includes income from tangible and intangible property if the acquisition, management, and disposition of the property constitute integral parts of the taxpayer's regular trade or business operations.

  • Median income means the median income by household size for the applicable housing region, as adopted annually by COAH or a successor entity approved by the Court.

  • Women-owned small business concern means a small business concern-

  • Goods and Services Tax (Compensation to States) Act means the Goods and Services Tax (Compensation to States) Act, 2017;

  • Export Laws means all applicable import, export control and sanctions, including but without limitation, the laws of the United States, the EU, and Germany.