; and (iii) the computation ofall itemsof income, gain, loss and deduction shall be made without regard to anyelection underSection 754ofthe Codewhich will be made by the Partnership (except to the extentrequired byTreasury Regulation§ 1.704-1(b)(2)(iv)(m)) and, as to those items ...
Sub-Clauses CHANGES IN TAXES PAYABLE SUBSIDIARY TAXES PAYABLE STATE INCOME TAXES TAX SHARING TAX PAYMENTS COMPUTATION OF TAXES Computation and Payment of Taxes LESSEE's Obligations LESSOR's Obligations Top Definition for TAX CALCULATION TAX CALCULATION shall have the meaning set forth in Section 6.4....
Note: you should start your computation with the taxable profit calculated by the accountant of RMB 39,105,000 and indicating by the use of ‘0’ any items for which no adjustment is required. (7 marks) (b) For the purposes of enterprise income tax (EIT) define the term ‘non-resident...
Exempted from this reduction are provisions for personnel benefits (severance payments, pensions, vacations, and anniversary awards) for which specific reduction and computation methods have been provided and provisions which were already calculated by discounting a future obligation. In general, lump-...
The corporation tax shown on the face of the profit and loss account will have been based on a computation carried out prior to the exact amount payable, having been agreed with the Inland Revenue. There may therefore be some differences from year to year between the tax payable numbers ...
Calculations and determinations must be made following GAAP; provided that if at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Loan Document, and either Borrower or Bank shall so request, Borrower and Bank shall negotiate in good...
Changes to the interest rate of any Credit Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change. (d) Computation; 360-Day Year. In computing interest, the date of the making of any ...
to the date or dates within such Tax Year that any Taxes become due and payable to the governmental authority (but in any event no earlier than twenty (20) days following a written notice to Tenant, which notice shall set forth the manner of computation of Tenant’s Percentage of Taxes)....