Not taxable definition

Not taxable means that the taxpayer is not subject to a business activities tax by that city or county within the United States or by that foreign country, except that a taxpayer is taxable in a city or county within the United States or in a foreign country in which it would be deemed to have a substantial nexus with the city or county within the United States or with the foreign country under the standards in RCW 35.102.050 regardless of whether that city or county within the United States or that foreign country imposes such a tax.
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Not taxable means that the taxpayer is not subject to a business activities tax by that jurisdiction, except that a taxpayer is taxable in a City or County in which it would be deemed to have a substantial nexus under the standards in RCW 35.102.050 regardless of whether or not that City or County imposes a business activities tax.
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Not taxable means that the taxpayer is not subject to a business activities tax by the U.S. city or county, or by the foreign country, where the customer is located, except that a taxpayer is taxable in a U.S. city or county or in a foreign country in which it would be deemed to have a substantial nexus under the standards in RCW 35.102.050, regardless of whether that U.S. city or county or that foreign country imposes such a tax.
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Examples of Not taxable in a sentence

  • Not taxable if the purchaser indicates that he does not intend to consume the baked goods on the premises.

  • If a lessee pays the residual at the end of the lease to buy the vehicle, sales tax is owed on the residual and any additional amount that the lessee pays, such as an excess mileage or damage charge• Security deposits - Not taxable, unless retained as a payment.

  • If the customer fails to complete the contract until the end of the contract period, or if the contract terminates during the period Fortum Markets AB under the contract is entitled to charge a solvency fee, Fortum Markets AB is entitled to charge a solvency fee consisting of a variable portion of 12 öre / kWh ( Not taxable) on the remaining estimated contract volume and partly an administrative fee of 400 kr.

  • These charges are subject to sales tax.• Bad check fees - Not taxable.

  • Bad check charges are not taxable.• Lien-payoff amounts on trade-ins – Not taxable.

  • See discussion of Property taxes, above; Section I (b), General lease principles.• Trade-in amounts - Not taxable.

  • Not taxable Insuree is not entitled to disbursement of unemployment benefit in the period of time in which he is entitled for payment of sickness benefits, nursing benefits, maternity allowances and parental allowance.

  • Not taxable if a distribution from an eligible plan for Pennsylvania tax purposes.

  • The taxability of income earned by a REIT / InvIT shall depend on the nature of such income: • Interest Income: Not taxable in the hands of REIT / InvIT.

  • Taxable in the hands of Unit holders (at the applicable rate)• Rental Income (applicable in case of REITs): Not taxable in the hands of REIT.


More Definitions of Not taxable

Not taxable means that the taxpayer is not subject to a business activities tax by that city or county within the United States or by that
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Not taxable means that the taxpayer is not subject to a business activities tax by that jurisdiction, except that a taxpayer is taxable in a City or County in which it would be deemed to have a substantial nexus under the standards in RCW
Sample 1

Related to Not taxable

  • Taxable Year means a taxable year of the Corporate Taxpayer as defined in Section 441(b) of the Code or comparable section of state or local tax law, as applicable (and, therefore, for the avoidance of doubt, may include a period of less than 12 months for which a Tax Return is made), ending on or after the IPO Date.

  • Taxable Period means any taxable year or other period that is treated as a taxable year with respect to which any Tax may be imposed under any applicable statute, rule or regulation.

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;

  • Tax Deduction means a deduction or withholding for or on account of Tax from a payment under a Finance Document, other than a FATCA Deduction.

  • Straddle Tax Period means a Tax period that begins on or before the Closing Date and ends thereafter.

  • taxable service means any service provided or to be provided –

  • Tax Period means, with respect to any Tax, the period for which the Tax is reported as provided under the Code or other applicable Tax Law.

  • Recapture Income means any gain recognized by the Partnership (computed without regard to any adjustment required by Section 734 or Section 743 of the Code) upon the disposition of any property or asset of the Partnership, which gain is characterized as ordinary income because it represents the recapture of deductions previously taken with respect to such property or asset.

  • Tax means any tax, levy, impost, duty or other charge or withholding of a similar nature (including any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same).

  • UK Tax Deduction means a deduction or withholding for, or on account of, Tax imposed by the United Kingdom from a payment under a Loan Document.

  • Income means the following:

  • 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.