Income and Corporation Tax Act definition

Income and Corporation Tax Act means the Income and Corporation Tax Act (Cap. 17.01);
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Income and Corporation Tax Act means the Income and Corporation Tax Act;
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Examples of Income and Corporation Tax Act in a sentence

  • According to sections 111 and 114 of the Income and Corporation Tax Act 1988 (‘ICTA’), the profits of the partnership are first calculated for the purposes of corporation tax as if the partnership were a company but then those profits are taxed in the hands of the corporate partners according to their proportionate interests in the partnership.

  • The Society is a registered charity and, as such, is exempt from taxes under the provision of the Income and Corporation Tax Act 2003.

  • The total dividends payable in respect of the financial year for the purposes of the income retention test for Section 1159 of the Income and Corporation Tax Act 2010 are set out below.

  • The Charity’s activities are exempt from taxation under section 505 of the Income and Corporation Tax Act 1998.

  • A breach of section 842AA of the Income and Corporation Tax Act 1988 could result in the Company being subject to capital gains on the sale of investments.

  • The Company conducts its affairs so as to enable U.K. Reporting Fund status to be obtained under the United Kingdom Income and Corporation Tax Act 1988 for the purposes of U.K. taxation for each applicable Fund.With the exception of Roll-Up Class Shares, the distribution policy of each Fund is to distribute out of net income.

  • It is recognised as a charity under section 207 of the Taxes Consolidation Acts, 1997, with the registration number CHY2900, and under Section 505 of the Income and Corporation Tax Act 1988, under registration number XN45816.

  • The Supplier shall notify the Customer immediately if the Supplier undergoes a change of control within the meaning of Section 450 of the Income and Corporation Tax Act 2010 ("Change of Control") and provided this does not contravene any Law shall notify the Customer immediately in writing of any circumstances suggesting that a Change of Control is planned or in contemplation.

  • The Fund has been certified for the purposes of Chapter V of Part XVII of the United Kingdom Income and Corporation Tax Act 1988 (“Offshore Funds Regime”) as a “distributing fund” in respect of the accounting year ended 30 June 2010.

  • UK) ss 40A – 42 (as amended by Finance Act 2009 (UK)) and Offshore Funds (Tax) Regulations 2009 (UK), esp Part 3 (current law); cf Income and Corporation Tax Act 1988 (UK) Part XVII Ch 5, esp s 760 (pre-2009 law).

Related to Income and Corporation Tax Act

  • Income Tax Act means the Income Tax Act (Canada), as amended from time to time;

  • Foreign nonprofit corporation means an entity:

  • Tax Act means the Income Tax Act (Canada) and the regulations thereunder, as amended from time to time;

  • Canadian Tax Act means the Income Tax Act (Canada), as amended.

  • Foreign Employee Benefit Plan means any employee benefit plan as defined in Section 3(3) of ERISA which is maintained or contributed to for the benefit of the employees of the Company, any of its respective Subsidiaries or any members of its Controlled Group and is not covered by ERISA pursuant to ERISA Section 4(b)(4).

  • Publicly traded corporation means any Person other than an individual that is organized under the laws of and for which its principal place of business is located in one of the states or territories of the United States or District of Columbia or another country that authorizes the sale of marijuana that:

  • Non-U.S. Tax Person A person other than a U.S. Tax Person.

  • Nonprofit corporation means a nonstock corporation organized under ch. 181 that is a nonprofit corporation, as defined in s. 181.0103 (17).

  • Disregarded Entity means a single member limited liability company, a qualifying subchapter S subsidiary, or another entity if the company, subsidiary, or entity is a disregarded entity for federal income tax purposes.

  • Excise Tax Act means the Excise Tax Act (Canada);

  • Non-Income Tax Return means any Tax Return relating to Taxes other than Income Taxes.

  • Subchapter S Corporation (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of stock of Borrower, or (d) purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • Foreign Benefit Plan means any Employee Benefit Plan established, maintained or contributed to outside of the United States of America or which covers any employee working or residing outside of the United States.

  • U.S. Tax Code means the United States Internal Revenue Code of 1986, as amended.

  • Domestic Corporation means an entity that is treated as a corporation for United States federal income tax purposes and is a U.S. Tax Person.

  • Taxable REIT Subsidiary means any corporation (other than a REIT) in which General Partner directly or indirectly owns stock and General Partner and such corporation jointly elect that such corporation shall be treated as a taxable REIT subsidiary of General Partner under and pursuant to Section 856 of the Code.

  • U.S. Tax Person means a Person that is a “United States person” as defined in Section 7701(a)(30) of the Code, generally including:

  • Australian Tax Act means the Income Tax Assessment Act 1936 (Cth) (Australia) or the Income Tax Assessment Act 1997 (Cth) (Australia), as applicable.

  • Foreign Income Tax means any Tax imposed by any foreign country or any possession of the United States, or by any political subdivision of any foreign country or United States possession, which is an income tax as defined in Treasury Regulation Section 1.901-2, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Income Tax Return means any Tax Return relating to Income Taxes.

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

  • Non-United States Tax Person Any Person other than a United States Tax Person.

  • Publicly traded partnership means any partnership, an interest in which is regularly traded on an established securities market. A “publicly traded partnership” may have any number of partners.

  • Disregarded Domestic Subsidiary means any direct or indirect (other than through a Foreign Subsidiary) Domestic Subsidiary of which all but a de minimis amount of the assets of which consist of equity interests of one or more indirect Foreign Subsidiaries.

  • United States Tax Person A citizen or resident of the United States, a corporation, partnership or other entity created or organized in, or under the laws of, the United States, any State thereof or the District of Columbia, an estate whose income from sources without the United States is includible in gross income for United States federal income tax purposes regardless of its source or a trust if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more United States Tax Persons have the authority to control all substantial decisions of the trust, all within the meaning of Section 7701(a)(30) of the Code (or, to the extent provided in the applicable Treasury Regulations, certain trusts in existence on August 20, 1996 that have elected to be treated as United States Tax Persons).

  • Qualified nonprofit organization means, with respect to a Project, an organization exempt from federal income tax under Section 501(c) (3) or (4) of the Internal Revenue Code, which is not and during the Compliance Period will not be affiliated with or controlled by a for-profit organization, whose exempt purposes include the fostering of low income housing, which owns an interest in the Project, which will materially participate in the development and operation of the Project throughout the Compliance Period, and which is not affiliated with or controlled by a for-profit organization.