Tax Profit definition

Tax Profit. Means the result of subtracting from the cumulative income (ingresos acumulables) of the Trust, the authorized deductions, in terms of the provisions of the LISR and other applicable tax provisions, when the cumulative income is higher than the authorized deductions.
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Tax Profit and “Tax Loss” means, for each Fiscal Year of the Company (or other period for which Tax Profit or Tax Loss must be computed) the Company’s taxable income or loss determined in accordance with section 703(a) of the Code, with the following adjustments:
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Tax Profit means a positive figure which results from the calculation of "Tax Loss" in Assumption 3.3.5(a); "Tax Report" means the tax report comprised In a Cashflow Report; "Tax Payment Date" means each date on which a company is, or would if it had profits be, required to make a payment of Corporation Tax being the latest date on which by statute such payment can be made without incurring interest and/or penalties being the date determined in accordance with Assumption 3.3.6 or, as the case may be, Assumption 3.3.7 (as the same may be varied from time to time); "Tax Written Down Value" means, as at any date, the Total Equipment Cost, less the aggregate of;—
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Examples of Tax Profit in a sentence

  • This item is to be determined as the sum of the Post Tax Profit provision plus the components for State and Federal taxes.

  • The Pre-Tax Profit Report and the Pre-Tax Profit for the twelve-month period reflected thereon, shall be binding upon the Interest Holder Representative, Stockholders and Parent upon the approval of such Pre- Tax Profit Report by the Interest Holder Representative or the failure of the Interest Holder Representative to object in writing within thirty(30) days after receipt thereof by the Interest Holder Representative.

  • If not applicable, enter “N/A”.Note that Exhibit 19 does not specifically illustrate the ratios for Pre-Tax Profit provision, and this item needs to be determined as the sum of the Post Tax Profit provision plus the components for State and Federal taxes.This Exhibit is only applicable to Prior Approval Adjustment filings.The same exhibit may be used for both “On” and “Off” Exchange filings.

  • As per DPE Guidelines, all profit making Oil PSUs should declare minimum Dividend of 30% of Post Tax Profit.

  • No preferential distributions permitted by this Agreement (other than as provided in Section 12.1(d) or in paragraph (a) of the definition of Consolidated Net After Tax Profit in Section 1.1) shall reduce the Determined Distribution payable to the partners of the JV Partnership in respect of any Fiscal Year.

  • The bonus pool is calculated by applying the following two – step formula to each business unit or business group, as the case may be: Step 1: Fiscal Year Pre-Tax Profit - Hurdle Amount---------------------------------------------------------- = Pre-Tax after Hurdle Return on Sales percentage Net Sales Step 2: (Fiscal Year Pre-Tax Profit - Hurdle Amount) X Pre-Tax after Hurdle Return on Sales percentage =Bonus Pool Fiscal Year Pre Tax Profit is subject to numerous adjustments and is capped at 20% of sales.

  • If the Company at any time distributes any of its assets in-kind to any Member, the Capital Account of each Member shall be adjusted to account for that Member’s allocable share (as determined under Articles XI, XII, or XVI hereof) of the Tax Profit or Tax Loss that would have been realized by the Company had it sold the distributed asset at its fair market value immediately prior to its distribution.

  • Revenue from operations (Gross)Profit before Depreciation, Interest & Tax (PBDIT)Interest and Financial expensesProfit before Depreciation and Tax (PBDT) DepreciationProfit before Tax (PBT) Provision for Tax - Current- Deferred Tax Profit after Tax (PAT)Earnings per share (`)- Basic- Diluted2012-13494.7523.24 10.8712.373.988.393.91(0.37)4.85 2.612.61being manufactured by companies like Hyundai, Nissan, Suzuki, Toyota, Honda etc.

  • Profit before Tax and Profit after Tax Profit before tax and extra-ordinary income for the financial year ended 2018-19 is `553.79 lakhs as compared to `340.55 lakhs in the FY 2017-18.CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATMENTS The Company has also earned an extra- ordinary income of `164.55 lakhs during the financial year from sale of a land.

  • Except as may be required by section 704(c) of the Code, and Sections 12.2 and 12.3 hereof, Tax Profit, Tax Loss and other items of income, gain, loss, deduction and credit shall be apportioned among the Members in proportion to their Membership Interests.


More Definitions of Tax Profit

Tax Profit means, for any date of determination, the pre-tax profit of the Company determined on the following basis, but in no event in an amount greater than the Pre-tax Profit Cap Amount: Net Sales of Xxxxxx Products less Cost of Goods Sold, less the Fixed Operating and Interest Expense Charge. "Pre-tax Profit Cap Amount" shall mean 260,000 CHF. "Pre-tax Profit Base Amount" shall mean 144,000 CHF. "Receivables/Inventory Adjustment" shall have the meaning given to it in Section 3.4.
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Related to Tax Profit

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

  • Gross Operating Profit For any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year.

  • Floating Profit/Loss means current profit/loss on Open Positions calculated at the current Quotes.

  • Joint Return means any Return of a member of the Parent Group or the SpinCo Group that is not a Separate Return.

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Tax Proposals means all specific proposals to amend the Tax Act publicly announced by or on behalf of the Minister of Finance (Canada) prior to the date hereof.

  • Tax Attribute means a net operating loss, net capital loss, unused investment credit, unused foreign tax credit, excess charitable contribution, general business credit or any other Tax Item that could reduce a Tax.

  • Tax Benefit Schedule is defined in Section 2.02 of this Agreement.

  • Corporate Taxpayer Return means the federal and/or state and/or local Tax Return, as applicable, of the Corporate Taxpayer filed with respect to Taxes of any Taxable Year.

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Pre-Tax Earnings means the Corporation's earnings before income taxes as reported in the Company's Consolidated Income Statement for each fiscal year of the Performance Period, excluding any non-cash charge incurred in accordance with accounting principles generally accepted in the United States of America (GAAP) for any restricted stock or restricted stock unit awards granted during the Performance Period and all options, restricted stock and other equity compensation granted to Directors during the Performance Period.

  • Employee Taxes means all taxes, assessments, charges and other amounts whatsoever payable in respect of, and measured by the wages of, the Vendor’s employees (or subcontractors), as required by the Federal Social Security Act and all amendments thereto and/or any other applicable federal, state or local law.

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • EBITA means for any period, operating profit (loss) plus (i) amortization, including goodwill impairment, (ii) amortization of non-cash distribution and marketing expense and non-cash compensation expense, (iii) restructuring charges, (iv) non-cash write-downs of assets or goodwill, (v) charges relating to disposal of lines of business, (vi) litigation settlement amounts and (vii) costs incurred for proposed and completed acquisitions.

  • Adjusted gross income means that term as defined in section 62 of the internal revenue code of 1986.

  • Tax Benefit means any refund, credit, or other item that causes reduction in otherwise required liability for Taxes.

  • Income Tax Expense means, with respect to the Borrowers, for any period, the aggregate, without duplication, of all Taxes on the income of such Person for such period, whether current or deferred, determined on a Modified Consolidated Basis.

  • Net Income (Loss) means with respect to any Person and for any period, the aggregate net income (or loss) after taxes of such Person for such period, determined in accordance with GAAP.

  • Tax Detriment means an increase in the Tax liability (or reduction in refund or credit or item of deduction or expense) of a taxpayer (or of the Affiliated Group of which it is a member) for any taxable period.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Net After-Tax Benefit means the Present Value of a Payment net of all federal state and local income, employment and excise taxes imposed on Executive with respect thereto, determined by applying the highest marginal rate(s) applicable to an individual for Executive’s taxable year in which the Change in Control occurs.

  • Book-Tax Disparity means with respect to any item of Contributed Property or Adjusted Property, as of the date of any determination, the difference between the Carrying Value of such Contributed Property or Adjusted Property and the adjusted basis thereof for federal income tax purposes as of such date. A Partner’s share of the Partnership’s Book-Tax Disparities in all of its Contributed Property and Adjusted Property will be reflected by the difference between such Partner’s Capital Account balance as maintained pursuant to Section 5.5 and the hypothetical balance of such Partner’s Capital Account computed as if it had been maintained strictly in accordance with federal income tax accounting principles.

  • Non-Income Tax Return means any Tax Return relating to Taxes other than Income Taxes.