Income and Business Tax Act definition

Income and Business Tax Act means the Income and Business Tax Act, Cap. 55 and any statutory modifications thereto;
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Examples of Income and Business Tax Act in a sentence

  • A contractor, his contractors and subcontractors shall be liable for the payment of income tax in accordance with the Income and Business Tax Act, as amended, with respect to income derived from petroleum operations.

  • The income of individuals who are employed by contractors, their contractors and subcontractors, or who hire their services out to such organizations, shall be subject to payment of income tax in accordance with the Income and Business Tax Act.

  • Taxation of companies falls under the Income and Business Tax Act, as amended.

  • The preparation of financial statements in conformity with Indian GAAP requires management of the company to make estimates and assumptions considered in the reported amounts of assets and liabilities (including contingent liabilities)and the reported income and expenses during the year.

  • In December 2010, he was invited by the University of São Paulo (Brazil) on the occasion of the human rights prize award ceremony, where he interacted with experts on human rights and education.

  • But in his written submission he relied largely on illegality, namely, that the original, “accommodation agreement”, and the two subsequent, “amended accommodation agreements,” were contrary to: the Constitution of Belize; the Income and Business Tax Act, Cap 55; the Finance and Audit (Reform) Act, No. 12 of 2005, Customs and Excise Duties Act, Cap 48; the Telecommunications Act; Cap.

  • In the main, she seeks an order from this Court striking out the taxpayer’s claim because an alternative remedy exists and is available to the taxpayer under the Income and Business Tax Act against the actions of the Commissioner of Income Tax.

  • The Minister may by Order published in the Gazette provide that any tax, duty or fee payable under the Income and Business Tax Act or the Stamp Duties Act or the General Registry Act or any other enactment shall be remitted where such remission is, in the opinion of the Minister, necessary to give full effect to the Loan Agreement or to any agreement, promissory note, instrument, guarantee or undertaking to which this Act applies.Remission of taxes, etc.

  • In accordance with provisions of the Income and Business Tax Act, as amended, Chapter 55 of the Laws of Belize, the Council is exempted from income taxation on its revenues.

  • The Parties are also in agreement that no court in Belize has directly ruled on the validity of the Accommodation Agreement.194 The Tribunal agrees with the Respondent, however, that in ruling on the enforceability of the Settlement Deed Award the CCJ was directly called on to interpret Section 95 of the Income and Business Tax Act and that the decision is therefore relevant to the question of the Accommodation Agreement.

Related to Income and Business Tax Act

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

  • Tax Act means the Income Tax Act (Canada).

  • Unitary business means one or more related business organizations engaged in business activity both within and outside the State among which there exists a unity of ownership, operation, and use; or an interdependence in their functions.

  • Separate Business means each of the activities of the Licensee connected

  • Sales Tax Revenues means taxes collected under the Virginia Retail Sales and Use Tax Act

  • Tax roll means a permanent record of the taxes charged on property, as extended

  • Payroll Tax Executive Order means the Presidential Memorandum on Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster, as issued on August 8, 2020 and including any administrative or other guidance published with respect thereto by any Taxing Authority (including IRS Notice 2020-65).

  • goods and services tax practitioner means any person who has been approved under section 48 to act as such practitioner;

  • Income Tax Returns mean all Tax Returns that relate to Income Taxes.

  • food business means any undertaking, whether for profit or not and whether public or private, carrying out any of the activities related to any stage of production, processing and distribution of food;

  • Qualified business means a for-profit business that obtains services relating to that business from 30 or fewer employees or employees of independent contractors performing services substantially similar to employees during a random week in the year ending on the tax day. If a person is a unified business group as that term is defined in section 117 of the Michigan business tax act, 2007 PA 36, MCL 208.1117, the number of employees from whom services are obtained includes all employees of the unitary business group and employees of independent contractors of the unitary business group rendering services to the qualified business.

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

  • Income Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Income Taxes, including any schedule or attachment thereto, and including any amendment thereof.

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

  • Income Taxes means any taxes measured, in whole or in part, by net or gross income or profits together with any interest, penalties or additions to tax.

  • Tax Revenue means, with respect to the Project Area, (a) those tax revenues referred to (1) in the last sentence of the first paragraph of Article VIII, Section 12 of the Constitution of the State and (2) in Section 18-2147, Reissue Revised Statutes of Nebraska, as amended, and (b) all payments made in lieu thereof.

  • Core Business means any material line of business conducted by the Borrower and its Subsidiaries as of the Closing Date and any business reasonably related or incidental thereto.

  • Significant business transaction means any business transaction or series of transactions that, during any one fiscal year, exceeds the lesser of $25,000 or 5 percent of the total operating expense of a provider.

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which —

  • Disadvantaged Business Enterprise (DBE) means a firm certified as such by the Department in accordance with 49 CFR Part 26.

  • Income Tax Expense means for Borrower and its Subsidiaries, on a consolidated basis for any period, all state and federal franchise or income taxes paid or due to be paid during such period.

  • Disabled Business Enterprise means a business owned by a person with a disability that is a continuing, independent, for-profit business that performs a commercially useful function, and is at least fifty-one (51%) owned and controlled by one (1) or more persons with a disability, or, in the case of any publicly-owned business, at least fifty one percent (51%) of the stock of which is owned and controlled by one(1) or more persons with a disability and whose management and daily business operations are under the control of one (1) or more persons with a disability.

  • Small disadvantaged business concern means a small business concern that represents, as part of its offer that—

  • Small Business Enterprise (SBE) means a business that is certified as an SBE under this program or the following similar programs and meeting the below economic thresholds (Section III “Economic Size Standards”).

  • Tax Revenues means the Personal Income Taxes and such other revenues, including Alternative Revenues (but excluding Building Aid), as the Authority may derive directly from the State from taxes imposed by the City or the State and collected by the State.

  • Covered Business means (A) during the term, any business in which the Company is engaged and (B) after the Term, any business in which the Company was engaged as of the end of the Term.