the Income Tax Acts definition

the Income Tax Acts means all enactments relating to income tax, including any provisions of the Corporation Tax Acts which relate to income tax.
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the Income Tax Acts means all enactments relating to income tax; “ITEPA 2003” means the Income Tax (Earnings and Pensions) Act 2003;
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the Income Tax Acts means any enactment of Tynwald relating to income tax;
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Examples of the Income Tax Acts in a sentence

  • Where the income of any person is by virtue of any provision of the Income Tax Acts to be deemed to be income of any other person that income shall not be exempt from tax as being sums paid or credited in respect of interest on specified Government securities by reason of the first mentioned person not being resident in the Isle of Man.

  • Income from wounds and disability pensions to which this section applies shall be exempt from income tax and shall not be reckoned in computing income for any of the purposes of the Income Tax Acts.

  • Received Royal Assent: 24 March 1970Passed: 19 May 1970Commenced: 19 May 1970 & s 123(2) AN ACT to consolidate the Income Tax Acts.

  • A limited partnership with legal personality is to be treated as a partnership (and not as a corporate taxpayer) for the purposes of the Income Tax Acts and each member of the partnership is to be treated as a partner.

  • Income received by an individual in the form of a maintenance payment shall be exempt from income tax and shall not be reckoned in computing income for any of the purposes of the Income Tax Acts.

  • Component 2: Climate risk management at the district level As for Component 1, changes of component 2 are needed to reflect the revised implementation arrangements and participating institutions.

  • The approval of an election under subsection (3) or (7)(b) does not affect the requirement of an individual to make and deliver an annual return in accordance with section 62 or any other requirements to which they are subject under the provisions of the Income Tax Acts.

  • Where an exemption under this section ceases to have effect, the eligible business concerned shall, for the purposes of the Income Tax Acts, be treated as if it had commenced business in the Island on the date of cessation, but only in respect of the source of the income or profits of the eligible business which were exempted from income tax under this section.

  • The foregoing provisions of this section shall not require the exclusion from the sums allowable as a deduction in the computation under this Act of any expenditure as being expenditure in respect of which capital allowances are granted under the Income Tax Acts.

  • Whenever an RMFI reports an undocumented account, the Commissioner will use its information- gathering powers under the Income Tax Acts as mentioned in regulation 42 of the amended Cooperation with Other Jurisdiction on Tax Matters Regulations, to obtain information regarding the undocumented account(s) reported.


More Definitions of the Income Tax Acts

the Income Tax Acts means the enactments relating to income tax in this Act and in any other enactment;
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the Income Tax Acts means all enactments relating to income tax;
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the Income Tax Acts means collectively the Income Tax Act and the Income Tax Management Act;
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Related to the Income Tax Acts

  • Income Tax Act means the Income Tax Act, 1962 (Act No. 58 of 1962);

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

  • Income Tax Return means any Tax Return relating to Income Taxes.

  • Non-Income Tax means any Tax other than an Income Tax.

  • Foreign Income Tax means any Tax imposed by any foreign country or any possession of the United States, or by any political subdivision of any foreign country or United States possession, which is an income tax as defined in Treasury Regulation Section 1.901-2, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Income Tax means any federal, state, local, or foreign income tax, including any interest, penalty, or addition thereto, whether disputed or not.

  • State Income Tax means any Tax imposed by any State of the United States (or by any political subdivision of any such State) or the District of Columbia, or any city or municipality located therein, which is imposed on or measured by net income, including state and local franchise or similar Taxes measured by net income, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Federal Income Tax means any Tax imposed by Subtitle A of the Code, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • U.S. Tax Code means the United States Internal Revenue Code of 1986, as amended.

  • Excise Tax Act means the Excise Tax Act (Canada);

  • Median income means the median income by household size for the applicable housing region, as adopted annually by COAH or a successor entity approved by the Court.

  • Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

  • U.S. Internal Revenue Code means the United States Internal Revenue Code of 1986, as amended.

  • Tax means any present or future tax, levy, impost, duty, charge, assessment or fee of any nature (including interest, penalties and additions thereto) that is imposed by any government or other taxing authority in respect of any payment under this Agreement other than a stamp, registration, documentation or similar tax.

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • Incremental Income Taxes is defined in Section 6.9.

  • Incremental income tax means the total amount withheld

  • Swiss Withholding Tax Act means the Swiss Federal Act on the Withholding Tax of October 13, 1965 (Bundesgesetz über die Verrechnungssteuer), together with the related ordinances, regulations and guidelines, all as amended and applicable from time to time.