Income Tax Acts definition

Income Tax Acts. (“….”) means all enactments relating to income tax, including any provisions of any enactments relating to the taxation of the income and chargeable gains of companies and of company distributions which relate to income tax;
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Income Tax Acts means the principal Act and any other Act relating to income tax;
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Income Tax Acts means the Income Tax Acts 1970 to 1973 and any other enactment relating to income tax, and “income tax” means the tax charged under those Acts;
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Examples of Income Tax Acts in a sentence

  • You agree that Studio may deduct and withhold from your compensation hereunder the amounts required to be deducted and withheld under the provisions of the Federal and California Income Tax Acts, Federal Insurance Contributions Act, California Unemployment Insurance Act, any and all amendments thereto, and other statutes heretofore or hereafter enacted requiring the withholding of compensation.

  • Where the income of any person is by virtue of any provision of the Income Tax Acts to be deemed to be income of any other person that income shall not be exempt from tax as being sums paid or credited in respect of interest on specified Government securities by reason of the first mentioned person not being resident in the Isle of Man.

  • Income from wounds and disability pensions to which this section applies shall be exempt from income tax and shall not be reckoned in computing income for any of the purposes of the Income Tax Acts.

  • Received Royal Assent: 24 March 1970Passed: 19 May 1970Commenced: 19 May 1970 & s 123(2) AN ACT to consolidate the Income Tax Acts.

  • A limited partnership with legal personality is to be treated as a partnership (and not as a corporate taxpayer) for the purposes of the Income Tax Acts and each member of the partnership is to be treated as a partner.

  • Income received by an individual in the form of a maintenance payment shall be exempt from income tax and shall not be reckoned in computing income for any of the purposes of the Income Tax Acts.

  • In section 61R (application of Income Tax Acts in relation to deemed employment) omit subsection (7).

  • Component 2: Climate risk management at the district level As for Component 1, changes of component 2 are needed to reflect the revised implementation arrangements and participating institutions.

  • The approval of an election under subsection (3) or (7)(b) does not affect the requirement of an individual to make and deliver an annual return in accordance with section 62 or any other requirements to which they are subject under the provisions of the Income Tax Acts.

  • Where an exemption under this section ceases to have effect, the eligible business concerned shall, for the purposes of the Income Tax Acts, be treated as if it had commenced business in the Island on the date of cessation, but only in respect of the source of the income or profits of the eligible business which were exempted from income tax under this section.

Related to Income Tax Acts

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

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

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

  • Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

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

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

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

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

  • Income means the following:

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

  • Swiss Withholding Tax Act means the Swiss Federal Act on the Withholding Tax of October 13, 1965 (Bundesgesetz über die Verrechnungssteuer), together with the related ordinances, regulations and guidelines, all as amended and applicable from time to time.

  • Tax means any present or future tax, levy, impost, duty, charge, assessment or fee of any nature (including interest, penalties and additions thereto) that is imposed by any government or other taxing authority in respect of any payment under this Agreement other than a stamp, registration, documentation or similar tax.

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

  • Transaction Tax Deductions means, to the extent Tax deductible for Income Tax purposes, all compensation attributable to payments by a Company or Company Subsidiary on or prior to the Closing Date, including employee transaction-related bonuses, change of control payments, and severance payments, resulting from or related to the consummation of the Contemplated Transactions that are charged to Sellers as part of the Transaction Expenses.

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

  • 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:

  • Federal Income Tax means any Tax imposed by Subtitle A of the Code, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Assumed Tax Liability means, with respect to any Member, an amount equal to the excess of (i) the product of (A) the Distribution Tax Rate multiplied by (B) the estimated or actual cumulative taxable income or gain of the Company, as determined for federal income tax purposes, allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, less prior losses of the Company allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, in each case, as determined by the Manager and to the extent such prior losses are available to reduce such income over (ii) the cumulative Tax Distributions made to such Member after the closing date of the IPO pursuant to Sections 4.01(b)(i), 4.01(b)(ii) and 4.01(b)(iii) and, if applicable with respect to such Fiscal Year, pursuant to Section 4.1(a) of the Previous LLC Agreement; provided that, in the case of the Corporation, such Assumed Tax Liability (x) shall be computed without regard to any increases to the tax basis of the Company’s property pursuant to Sections 734(b) or 743(b) of the Code and (y) to the extent permitted under the Credit Agreements and applicable Law, shall in no event be less than an amount that will enable the Corporation to meet both its tax obligations and its obligations pursuant to the Tax Receivable Agreement for the relevant Taxable Year; provided further that, in the case of each Member, and for the avoidance of doubt, such Assumed Tax Liability shall take into account any Code Section 704(c) allocations (including “reverse” 704(c) allocations) to the Member.