Income Tax definition

Income Tax means any federal, state, local or foreign Tax (a) based upon, measured by or calculated with respect to net income, profits or receipts (including, without limitation, capital gains Taxes and minimum Taxes) or (b) based upon, measured by or calculated with respect to multiple bases (including, without limitation, corporate franchise taxes) if one or more of the bases on which such Tax may be based, measured by or calculated with respect to, is described in clause (a), in each case together with any interest, penalties, or additions to such Tax.

Income Tax means any income, franchise or similar Taxes imposed on (or measured by) net income or net profits.

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

Examples of Income Tax in a sentence

• Legislation relating to Managed Service Companies: Chapter 9, Part 2 Income Tax (Earnings and Pensions) Act 2003 (ITEPA) and Section 688A, Part 11 of ITEPA.

• Any PAYE Income Tax and National Insurance Contributions, statutory entitlements such as hol- iday pay and statutory sick pay, and any other taxes and deductions payable in respect of the Contract Resource for any Assignment.

• However, the Service Recipient shall be entitled to deduct applicable taxes at source as per provisions of Income Tax Act, 1961.

• You are solely responsible for declarations and implications arising under the Income Tax Act, 1961 and the rules framed thereunder or any subsequent modification or substitution thereof.

• Legislation relating to tax and/ or social security within the UK including without limitation: Income Tax (Earnings and Pensions) Act 2003 (“ITEPA”); Social Security Contributions and Benefits Act 1992; Social Security (Contributions) Regulations 2001; Social Security Contributions (Intermedi- aries) Regulations 2000 and Social Security (Categorisation of Earners) Regulations 1978; as such legislation has been, and may be, amended from time to time.

More Definitions of Income Tax

Income Tax means any federal, state, local or foreign Tax measured by or imposed on net income.

Income Tax means any Federal Income Tax, State Income Tax or Foreign Income Tax.

Income Tax or "Income Taxes" means any federal, state, local or foreign income, franchise or similar Tax and in each instance any interest, penalties or additions to tax attributable to such Tax.

Income Tax means a tax imposed on or measured by net income including any tax imposed on or measured by an amount arrived at by deducting expenses from gross income, one or more forms of which expenses are not specifically and directly related to particular transactions.

Income Tax means any Tax imposed upon or measured by net income or gross income (excluding any Tax based solely on gross receipts).

Income Tax means any Tax which is, in whole or in part, based on or measured by income or gains.

Income Tax means any federal, state, local, or foreign income tax measured by or imposed on net income, including any interest, penalty, or addition thereto, whether disputed or not.