Law on Taxation definition

Law on Taxation means the Law promulgated by the Royal Kram No.NS/RKM/0297/03 dated February 24, 1997 and which is amended by Law on the Amendment to Law on Taxation promulgated by Royal Kram No. NS/RKM/0303/010 dated March 31, 2003.
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Examples of Law on Taxation in a sentence

  • In accordance with provisional article 10 of the Law No. 5520 on Taxation No. 7061 added to the Article No 91 of the Law on Taxation, the 20% rate institutions listed in the first paragraph of the Article 32 of the Corporate Tax Law are subject to the taxation periods of 2018, 2019 and 2020 (for fiscal years beginning in the year concerned for the designated institutions).

  • LOLC is under the governance of Commercial Law on Taxation, so LOLC has obligation to pay taxes according to the applicable laws and regulations.

  • Under the Law on Taxation of the Kingdom of Cambodia (“Cambodia”), the corporate income tax is calculated at a rate of 20%.

  • The Albanian authorities have undertaken several legal and administrative initiatives to reduce cash transactions in economy with final objective to combat the informal economy.▪ In July 2007, the Albanian Government amended some articles in the Law on Taxation Procedures in the Republic of Albania that are in line with cash reduction initiative.

  • Under the Cambodian Law on Taxation, the Company has an obligation to pay tax on income at the rate of 20% of the taxable income or a minimum tax, whichever is higher.

  • Landscape architectural services (CPC 86742) This has to be in compliance with Law on Taxation.

  • Cambodia Under the Cambodian Law on Taxation, the Cambodian corporate income tax (“CCIT”) is calculated at a rate of 20%.

  • If the Supplier does not have VAT registration in Cambodia, the CCCA3 shall withhold and declare such Withholding Tax in accordance with the applicable rate as defined in Cambodian Law on Taxation.

  • Appropriate follow-up should be given to the resolution adopted by the CM in May 2005 on the implementation of the Framework Convention for the Protection of National Minorities (ResCMN(2005)3) and to the recommendations by ECRI made public in February 2005 with respect to discrimination against the non-constituent peoples (the ‘others’), as well as discrimination against persons belonging to one of the constituent peoples who de facto live in a minority situation at the Entity or cantonal level.

  • Statute of limitations: Under Article 117 of the Law on Taxation (LoT), the statute of limitations for conducting a tax audit is three years from the submission of tax returns, or up to ten years if there is an obstruction of the implementation of the tax laws, or at any time with the written consent of the taxpayers.

Related to Law on Taxation

  • 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.

  • Foreign taxes means value-added taxes and custom duties assessed by a foreign government on a commodity. It does not include foreign sales taxes.

  • foreign tax means any Foreign Income Taxes or Foreign Other Taxes.

  • non-taxable territory means the territory which is outside the taxable territory;

  • criminal tax matters means tax matters involving intentional conduct whether before or after the entry into force of this Agreement which is liable to prosecution under the criminal laws of the requesting Party;

  • Taxation means any kind of tax, duty, levy or other charge whether or not similar to any in force at the date of the Franchise Agreement and whether imposed by a local, governmental or other competent authority in the United Kingdom or elsewhere;

  • MUNICIPAL TAXABLE INCOME means the following:

  • Prohibited Transaction Tax Any tax imposed under Section 860F of the Code. Prospectus: The prospectus dated February 21, 2006 as supplemented by the prospectus supplement dated February 23, 2006, relating to the Class A, Class B-1, Class B-2 and Class B-3 Certificates.

  • Transaction Taxes has the meaning set forth in Section 2.6.

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

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

  • Priority Non-Tax Claims means any Claim, other than an Administrative Claim or a Priority Tax Claim, entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • Other Connection Taxes means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document).

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

  • 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);

  • Statutory Penalties are those amounts awarded as a penalty, but are fixed in amount by statute.

  • Taxation law means the law on taxation in any jurisdiction which applies to the Account or to interest we pay you, for example the Taxes Consolidation Act 1997 as amended and any regulation made under it;

  • Distribution Taxes means any Taxes incurred solely as a result of the failure of the Intended Tax Treatment of the Restructuring, the Contribution or the Distribution.

  • Swiss Federal Tax Administration means the tax authorities referred to in article 34 of the Swiss Withholding Tax Act.

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

  • Assigned Annual Special Tax means the Special Tax of that name described in Section D.

  • 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.

  • Change in Tax Classification has the meaning set forth in Section 5.2(h).

  • Payroll Taxes means State Unemployment Insurance (SUI), Federal Unemployment Insurance (FUI), and payments pursuant to the Federal Insurance Contributions Act (FICA).

  • Canadian Taxes has the meaning specified in Section 11.05.