Tax Holiday definition

Tax Holiday means any Tax holiday, Tax incentive, Tax grant, Tax exemption or any other Tax reduction agreement, approval or order of any Tax Authority.
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Tax Holiday means the exemption from paying sales tax on retail sales and the sales of services and rents made during an assembly declared tax holiday during the period from October 1st through March 31st, of the fiscal year. The assembly may declare a tax holiday on any type of sale at its discretion.
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Tax Holiday includes any relief from Taxation, or allowance, subsidy, exemption, set-off or deduction in computing, or against, profits, income or gains for the purposes of Taxation, or a credit against Taxation;
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Examples of Tax Holiday in a sentence

  • The STP Tax Holiday is available for ten consecutive years, beginning from the financial year when the unit started producing computer software or April 1, 1999, whichever is earlier.

  • These incentives include those for facilities set up under the Special Economic Zones Act, 2005 and software development facilities designated as "Software Technology Parks" (the STP Tax Holiday).

  • These incentives include those for facilities set up under the Special Economic Zones Act, 2005 and software development facilities designated as ‘Software Technology Parks’ (the STP Tax Holiday).

  • The Government of India has amended the tax incentives available to companies set up in designated STPs. The period of the STP Tax Holiday available to such companies is restricted to ten consecutive years, beginning from the financial year when the unit started producing computer software or April 1, 1999, whichever is earlier.

  • These incentives presently include those for facilities set up under the Special Economic Zones Act, 2005 and an exemption from payment of Indian corporate income taxes for a period of ten consecutive years of operation of software development facilities designated as “Software Technology Parks” (the STP Tax Holiday).

  • The STP Tax Holiday was available for ten consecutive years, beginning from the financial year when the unit started producing computer software or April 1, 1999, whichever is earlier.

  • Under its registration, the Company is also entitled to certain tax and non-tax incentives to include Income Tax Holiday (ITH) for five (5) years from November 16, 2005.

  • As Zhunxing has started operations during the year ended 31 March 2014, the Tax Holiday has been started in 2014.

  • The term of this agreement was five years, which coincided with the Tax Holiday which began in 2006.

  • Pursuant thereto, the projects have been granted an Income Tax Holiday for a period of either three years for new projects, or four years for expansion projects, commencing from the date of issuance of the Certificate of Registration.


More Definitions of Tax Holiday

Tax Holiday means a period of 15 years commencing from the date of the Chief Town Planner's certificate of compliance confirming that the construction works have been satisfactorily completed;
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Tax Holiday means a temporary elimination or reduction of annual income tax liability.
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Tax Holiday means a temporary reduction or elimination of a Tax typically provided by a Governmental Body as an incentive to attract, retain or expand a particular business or activity. Tax Holidays may, for example, be applicable to all businesses located in a particular region or engaged in a particular line of business, or may be granted on a case by case basis to a specific taxpayer; and (vi) “Tax Reduction Agreement” shall mean an agreement or arrangement setting forth a the terms of a Tax Holiday or other Tax incentive provided by a Governmental Body to a particular taxpayer.
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Tax Holiday means the period beginning on January 1, 2024, and ending on June 30, 2024, or a later date prescribed by regulation.
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Tax Holiday means the period from September 1, 2017 to
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Related to Tax Holiday

  • Legal Holiday means a Saturday, a Sunday or a day on which banking institutions in the City of New York or at a place of payment are authorized by law, regulation or executive order to remain closed. If a payment date is a Legal Holiday at a place of payment, payment may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue on such payment for the intervening period.

  • General Holiday means every Sunday and any other day which is a

  • Holiday means the twenty-four (24) hour period commencing at 0001 hours of a day designated as a paid holiday in this Agreement.

  • Public Holidays means public holidays under NI Act., at the place where the Equipment is located, when banks are closed for business.

  • Day means calendar day.

  • Weekend means a Saturday and the following Sunday, assuring a minimum of fifty-six (56) hours off duty;

  • TARGET2 Business Day means, a day in which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System or any successor is open.

  • Federal Fiscal Year means the period beginning October 1 and ending September 30 each year, which is the annual accounting period for the United States government.

  • Holidays are defined as New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, and Christmas Day.

  • Clearance System Business Day means, with respect to the Clearance System, any day (other than a Saturday or Sunday) on which the Clearance System is open for the acceptance and execution of settlement instructions.

  • Banking Day means each day (other than a Saturday or Sunday) on which the Clearing System and the Trans-European Automated Real-time Gross settlement Express Transfer-System (TARGET2) ("TARGET2") are open for business.

  • Fund Business Day means any day on which the NAV of Shares of each Fund is determined as stated in the then current Prospectus.