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 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;— (a) the amount of any Writing Down Allowances to which the Lessor has become entitled (and in respect of which the Lessor's entitlement has not been withdrawn) for any Accounting Period of the Lessor ending before that date in respect of the Total Equipment Cost; (b) the amount of any Disposal Value that the Lessor has been or will be required to bring into account in any Accounting Period of the Lessor ending before that date in respect of events occurring in relation to the Equipment before that date; and (c) the amount (if any) of the Total Equipment Cost which is not "qualifying expenditure" within the meaning given to that expression in Section 57 CAA 2001: the amounts referred to in paragraphs (a) and (b) of this definition being calculated on the basis of the Assumptions (as the same may be corrected in accordance with the provisions of this Financial Schedule) and where the aggregate of the amounts referred to in paragraphs (a), (b) and (c) is greater than the Total Equipment Cost, the "Tax Written Down Value" shall be nil; "Termination" means any termination of this Agreement or, as the case may be, the termination of the leasing of the Equipment under this Agreement, and whether before or after the Delivery Date shall have occurred; "Termination Assumptions" means the assumptions described in paragraph 5.3.3 (as varied from time to time in accordance with the provisions of this Financial Schedule); "Termination Cashflow Report" means the Cashflow Report produced by the Lessor pursuant to and in accordance with paragraph 5.3.1; "Termination Payment" means in relation to any date the sum calculated in respect of that date pursuant to paragraph 5.2; "Termination Principles" means the principles described in paragraph 5.3.2; "Termination Rent" means in relation to any date the amount calculated in respect ...
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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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Examples of Tax Profit in a sentence

  • 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.

  • 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.

  • 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.

  • To the extent Tax Loss is allocated to the Members by virtue of this Section 12.2(a), Tax Profit of the Company thereafter recognized shall be allocated to such Members (in proportion to Tax Loss previously allocated to them pursuant to this Section 12.2(a)) until such time as Tax Profit allocated to them pursuant to this sentence equals Tax Loss allocated to them pursuant to this Section 12.2(a).

  • If a Member has an Adjusted Capital Account Deficit at the end of any Fiscal Year, then for that Fiscal Year items of Tax Profit and gain shall be allocated to that Member before any other allocation is made of Tax Loss for that Fiscal Year, in the amount and manner required to eliminate the Adjusted Capital Account Deficit as quickly as possible.

  • The tax benefits upon which the companies’ taxes payable are assessed are: (i) the Capital Contribution Account (“CUCA”), which is generally equal to paid-in capital contributions, less any capital reductions that have been reimbursed to its shareholders; and, (ii) the Net Tax Profit Account (“CUFIN”), which is generally equal to the tax profits obtained by the company during the previous years, plus dividends received by its subsidiaries, less the amount of dividends paid to its shareholders.

  • E*TRADE’s Pre - Tax Profit based on E*TRADE’s Annual Report on Form 10 - K for the year ended December 31, 2019 (‘E*TRADE’s 2019 Form 10 - K ’).

  • Notwithstanding the foregoing, on January 31 of each year commencing with January 31, 2006, the Company shall make pro rata distributions to the Members at least equal to the greater of (i) an amount equal to thirty-five percent (35%) of the Tax Profit (if any) of the Company for the preceding Fiscal Year and (ii) an amount equal to the Net Cash Flow of the Company for the immediately preceding Fiscal Year.

  • Dividends paid are not subject to income tax if paid from the Net Tax Profit Account.

  • No Member shall have priority over any other Member, either for the return of Capital Contributions or for Book Income, Book Loss, Tax Profit, Tax Loss or Distributions; provided that this Section 7.3 shall not apply to loans (as distinguished from Capital Contributions) that a Member has made to the Company.


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 one return made jointly by a married individual with that individual's spouse.

  • 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 Revenue means, with respect to the Project Area, (a) those tax revenues referred to (1) in the last sentence of the first paragraph of Article VIII, Section 12 of the Constitution of the State and (2) in Section 18-2147, Reissue Revised Statutes of Nebraska, as amended, and (b) all payments made in lieu thereof.

  • Tax Attribute means a net operating loss, net capital loss, unused investment credit, unused foreign Tax credit, excess charitable contribution, general business credit, research and development credit, earnings and profits, basis, or any other Tax Item that could reduce a Tax or create a Tax Benefit.

  • 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 period 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.

  • 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 reduction in otherwise required Tax payments.

  • Income Tax Expense means for Borrower and its Subsidiaries, on a consolidated basis for any period, all state and federal franchise or income taxes paid or due to be paid during such period.

  • 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 any item of deduction or expense) of a Taxpayer for any taxable period. Except as otherwise provided in this Agreement, a Tax Detriment shall be deemed to have been realized or incurred from a Tax Item in a taxable period only if and to the extent that the Tax liability of the Taxpayer for such period, after taking into account the effect of the Tax Item on the Tax liability of such Taxpayer in the current period and all prior periods, is more than it would have been had such Tax liability been determined without regard to such Tax Item.

  • 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 any Tax other than an Income Tax.

  • Non-Income Taxes means any Taxes other than Income Taxes.