STC Credit definition
STC Credit means an amount determined in terms of section 64J(2).
STC Credit means an amount determined in terms of section 64J(2) of the Income Tax Act.
STC Credit means in relation to any Preference Dividend which the Company declares in respect of any Preference Share, the amount which the Holder of that Preference Share is entitled to deduct pursuant to section 64B(3) of the Tax Act, from the dividends declared by it in order to determine the "net amount" in terms of section 64B(2) of the Tax Act on which STC is levied on such dividends payable;
Examples of STC Credit in a sentence
Under the STC Credit System, the equivalent of per week, of which per week per young person will be deducted and transferred into a Victim Fund to enable young people to positively contribute to reparation initiatives in the community, will be credited to the account of each Trainee in custody at the Secure Training Centre in advance on each Friday as his/her pocket money for the seven day period commencing on the following Saturday and expiring on the following Friday.
More Definitions of STC Credit
STC Credit means the amount of dividends accrued to RMB as holder of the Preference Shares and that are permitted to be deducted from the amount of dividends declared by RMB for the purposes of determining the net amount for the purposes of section 64B(2) of the Income Tax Act on which STC is levied on such dividends declared;
STC Credit means, for so long as STC is levied in terms of the Income Tax Act, the amount of dividends accrued to the Preference Shareholder in respect of a Preference Share that are permitted to be deducted from the amount of dividends declared by the Preference Shareholder for the purposes of determining the net amount for the purposes of section 64B(2) of the Income Tax Act on which STC is levied on such dividends declared;
STC Credit means an "STC credit" as defined (as at the Tax Reference Date) in section 64J of the Tax Act;