Gross income tax definition

Gross income tax means the New Jersey gross income tax pursuant to the "New Jersey Gross Income Tax Act," N.J.S.54A:1-1 et seq.
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Gross income tax means the New Jersey gross income tax
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Examples of Gross income tax in a sentence

  • Gross income tax must be deducted and withheld from compensation paid to nonresident employees for services performed in New Jersey.

  • Tax Ct. 1998); IC § 6-2.1-3-29; IC 6-8.1-3-3; 45 IAC 15-3-2Taxpayer protests subjecting income from operation of a municipal golf course to Gross income tax.

  • Gross income tax collection in FY2017-18 was Nu.240.1million, increased by 4.6% from FY2016-17 mainly contributed by CIT and BIT which increased by 5.4% and 19.9% respectively.

  • An example of this is Centerra Gold37 (reporting on behalf of Kumtor Gold), which reports Gross income tax, income taxes, “Cost of sales” (covering royalties, levies and production taxes), “Other operating expenses” (social development contributions), as well as other transactions with related parties, Kyrgyzaltyn.Therefore, it is important that Kyrgyz Republic develops a mechanism for including company disclosures of tax and non-tax payments.

  • Gross income tax valuation allowances during the year ended December 31, 2002, were $1,140 including certain additional income tax valuation allowances of $532.

  • Gross income tax losses The ability of the Group to utilise the carry forward income tax losses in the future years when taxable profit is generated will be subject to satisfaction of Australian statutory recoupment tests – the ‘Continuity of Ownership Test’, or failing this, the ‘Same Business Test’.

  • Taxes on capital will provide a further £12.9 billion for the exchequer.‌‌ Table 1: Sources of government revenue, 2000–01 forecasts Source of revenuea Gross income tax minus income tax credits.b Includes residual advance corporation tax (ACT) repayment of £0.2 billion.Source: HM Treasury, Financial Statement and Budget Report, 2000 (http://www.hm-treasury.gov.uk/budget2000/fsbr/contents.htm).

  • Gross income tax is paid only by Kumtor Gold Company CJSC (Appendix 3).

  • The total consideration for the purchase, sale, and conveyance of the Assets and the Seismic to Buyer and Buyer’s assumption of the Assumed Obligations and all other liabilities provided for in this Agreement, is Buyer’s payment to Seller of the sum of Three Hundred Twenty-Five Million Four Hundred Sixty-six Thousand Fifty Dollars ($325,466,050.00) (the “Purchase Price”), as adjusted in accordance with the provisions of this Agreement.

Related to Gross income tax

  • Gross income means the same as it does for income tax purposes, even if the income is not actually taxable, such as interest on tax-free bonds. Examples include: compensation for services, income from business, gains from property dealings, interest, rents, dividends, pensions, IRA distributions, social security, distributive share of partnership gross income, and alimony, but not child support.

  • Income Tax means any federal, state, local, or foreign income tax, including any interest, penalty, or addition thereto, whether disputed or not.

  • Connection Income Taxes means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes.

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • 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.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.