Income Tax Exempt Entity definition

Income Tax Exempt Entity means an entity endorsed as exempt from income tax under Subdivision 50-B of the Income Tax Assessment Act 1997 (Cth);
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Income Tax Exempt Entity has the meaning provided in Schedule D to Annex VII. Income Tax Exempt Individual has the meaning provided in Schedule D to Annex VII. Indicators has the meaning provided in paragraph 3.a. of Annex III.
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Examples of Income Tax Exempt Entity in a sentence

  • The Company is, and will seek to remain, an Income Tax Exempt Entity.

  • The Company must notify the Australian Taxation Office if there is a material change in the purposes or activities of the Company such that it ceases to be entitled to be endorsed as an Income Tax Exempt Entity.

  • The Company may endeavour to become and remain an Income Tax Exempt Entity.

  • The Company may seek to become and remain an Income Tax Exempt Entity.

  • If the Company becomes an Income Tax Exempt Entity it must notify the Australian Taxation Office if there is a material change in the purposes or activities of the Company such that it ceases to be entitled to be endorsed as an Income Tax Exempt Entity.

  • Income Tax Exempt Entity means an entity endorsed as exempt from income tax under subdivision 50-B of the Tax Act.

  • Implementation Letter has the meaning provided in Section 3.5. Income Tax Exempt Entity has the meaning provided in Schedule D to Annex VII.

  • If the Company becomes an Income Tax Exempt Entity, it must notify the ATO if there is a material change in the purposes or activities of the Company such that it ceases to be entitled to be endorsed as an Income Tax Exempt Entity.

  • If the Company becomes an Income Tax Exempt Entity, it must notify the Australian Taxation Office if there is a material change in the purposes or activities of the Company such that it ceases to be entitled to be endorsed as an Income Tax Exempt Entity.

  • All income derived from MCC Funding will be recorded as exempt income and an Income Tax Exempt Entity will not be liable to pay tax with respect to any such income, including any taxes in respect to transfer of such income.

Related to Income Tax Exempt Entity

  • 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.

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

  • 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.

  • Change in Tax Law means the enactment, promulgation, execution or ratification of, or any change in or amendment to, any law (or in the application or official interpretation of any law) that occurs on or after the date on which the relevant Transaction is entered into.

  • 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.

  • Consolidated Income Tax Expense means, for any period, all provisions for taxes based on the gross or net income of Borrower (including, without limitation, any additions to such taxes, and any penalties and interest with respect thereto), and all franchise taxes of Borrower, as determined on a Consolidated basis and in accordance with GAAP.