Taxation Benefit definition

Taxation Benefit means any Taxation benefit or advantage, including any loss, relief, allowance, exemption, set-off, deduction or credit available in the computation of any liability to Taxation;
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Taxation Benefit means any Relief or other Taxation benefit available in the computation of any Liability to Taxation.
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Taxation Benefit means any Taxation benefit or advantage including any loss, relief, allowance, exemption, set-off, deduction, reduction, postponement, roll-over, hold-over, repayment, recovery or credit available in the computation of any liability to Taxation;
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Examples of Taxation Benefit in a sentence

  • For the avoidance of doubt, the Sellers shall remain liable in accordance with the terms of this Deed notwithstanding that any Taxation giving rise to a liability to make a payment under Clause 2.1 of this Deed is or has been discharged or suffered by the relevant Company, whether before or after the date of this Deed and whether by payment or by the loss or utilisation of any Taxation Benefit or right to repayment of Taxation.

  • Public Finance:- Distinction between Public Finance and Private Finance, Aims of Public Finance, the Principles of minimum expenditure, the Principle of maximum advantage and the principal of full employment.2. Sources of Public Revenue: - Tax Revenue and Non-Tax Revenue, Tax fee, price and special assessment.3. Principles of Taxation:- Adam Smith’s Cannons of Taxation- Benefit Theory, Cost of Service Principleand the “Ability topay”theory- Interpretationof “Ability on the lines of Sacrifice”.

  • Theories of Taxation Benefit Theory, The Cost Service Theory and Ability to Pay Theory, Incidence of Taxes.

  • The amount of deferred tax provided is based on the expected manner of realisation or settlement of the carrying amount of assets and liabilities, using tax rates enacted or substantively enacted at balance date.In accordance with NZ IAS 12, Income Taxes, a Deferred Taxation Benefit is recognised only to the extent that it is probable (i.e. more likely than not) that a future taxable profit will be available against which the asset can be utilised.

  • Taxation Benefit Australian Government 2015, Tax Expenditures Statement 2014, suggests that in 2017-18 the Australian Government will forego $545m in FBT related exemptions17.


More Definitions of Taxation Benefit

Taxation Benefit has the meaning given to it in the Tax Indemnity;
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Taxation Benefit means the present value of any refund, credit or reduction in otherwise required Taxation payments, including any interest payable thereon, which present value shall be computed as of the Closing Date or the first date on which the right to the refund, credit or other Taxation reduction arises or otherwise becomes available to be utilized, whichever is later, (i) using the Taxation rate applicable to the highest level of income with respect to such Taxation under the Applicable Tax Law on such date, and (ii) using the interest rate on such date imposed on corporate deficiencies paid within thirty (30) days of a notice of proposed deficiency under the U.S. Code or other Applicable Tax Law. Any Taxation Benefit shall be computed net of any related Taxation cost (which shall be computed in the same manner in which Taxation Benefits are otherwise computed pursuant to this definition).
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Related to Taxation Benefit

  • Termination Benefit means the benefit set forth in Article 7.

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • Retirement Benefit means the benefit set forth in Article 5.

  • SERP Benefit means the benefit described in Section 5.1.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • superannuation benefit means any payment, other than a refund of contributions, made to a dentist by virtue of the application of the (a) National Health Service Pension Scheme Regulations 1995; or (b) the National Health Service Superannuation Scheme (Scotland) Regulations 1995 or (c) the corresponding provisions of the law in force in Northern Ireland; as a result of his providing general dental services;

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Change in Control Benefit means the benefit set forth in Section 4.1 below.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Severance Benefit means the payment of severance compensation as provided in Article III.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Regular benefits ’ means benefits payable to an individual under this act or under any other state law, including benefits payable to federal civilian employees and to ex-servicemen pursuant to 5 U.S.C. chapter 85, other than extended benefits.

  • Change in Control Benefits means the following benefits:

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Disability Benefit means the benefit set forth in Article 8.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • Accrued Benefit have the meanings specified in ERISA.

  • SERP has the meaning assigned thereto in Section 5(c) hereof.