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.
Sample 1Sample 2Sample 3
the Income Tax Acts means any enactment of Tynwald relating to income tax;
Sample 1Sample 2
the Income Tax Acts means all enactments relating to income tax; “ITEPA 2003” means the Income Tax (Earnings and Pensions) Act 2003;
Sample 1Sample 2

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 collectively the Income Tax Act and the Income Tax Management Act;
Sample 1Sample 2
the Income Tax Acts means all enactments relating to income tax;
Sample 1
the Income Tax Acts means the enactments relating to income tax in this Act and in any other enactment;
Sample 1

Related to the Income Tax Acts

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

  • 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.

  • Tax or “Taxes” means any federal, state, local or foreign income, gross receipts, property, sales, use, license, excise, franchise, employment, payroll, withholding, alternative or add on minimum, ad valorem, transfer or excise tax, or any other tax, custom, duty, governmental fee or other like assessment or charge of any kind whatsoever, together with any interest or penalty, imposed by any Governmental Entity.