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  3. Law: Taxation & Customs

arbeidskorting

English translation: labour credit

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:arbeidskorting
English translation:labour credit
Entered by: Willemina Hagenauw

10:20 Mar 18, 2002
Dutch to English translations [PRO]
Bus/Financial - Law: Taxation & Customs
Dutch term or phrase: arbeidskorting
Dit is een uitdrukking die voorkomt op een jaaropgaaf van een werkgever aan een werknemer over het ontvangen loon over het afgelopen jaar. Deze werknemer was in de WAO. Heeft iemand een goede uitdrukking voor arbeidskorting. Ik kan het in geen woordenboek vinden.
Willemina Hagenauw
Local time: 13:12
Labour credit
Explanation:
KUB: Pay slip 2001 - Calculation
... Pay slip 2001 - Calculation. ... can also find the amount of the so-called labour credit
(arbeidskorting) and the basic taxable amount for payroll tax (grondslag ...
www.kub.nl/diensten/dea/pia/payslip/blokje5.html - 8k - Cached - Similar pages
[ More results from www.kub.nl
Selected response from:

Dave Greatrix
United Kingdom
Local time: 13:12
Grading comment
Many thanks!

Willemina
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +1working person's allowance
Chris Hopley
4Labour credit
Dave Greatrix
4Employment relief / abatement / rebate
jarry (X)
Summary of reference entries provided
refs
Michael Beijer

  

Answers


13 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
Labour credit


Explanation:
KUB: Pay slip 2001 - Calculation
... Pay slip 2001 - Calculation. ... can also find the amount of the so-called labour credit
(arbeidskorting) and the basic taxable amount for payroll tax (grondslag ...
www.kub.nl/diensten/dea/pia/payslip/blokje5.html - 8k - Cached - Similar pages
[ More results from www.kub.nl

Dave Greatrix
United Kingdom
Local time: 13:12
Native speaker of: English
PRO pts in category: 16
Grading comment
Many thanks!

Willemina

Peer comments on this answer (and responses from the answerer)
agree  Marijke Mayer
25 mins
disagree  jarry (X): Labour credit is obviously a Dutch-based translation and is not appropriate in the circumstances. I would challenge the fact that anyone in the UK for instance would understand the meaning of this term.See my suggestion and comment below.
28 mins
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38 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
Employment relief / abatement / rebate


Explanation:
De arbeidskorting

De arbeidskorting is voor iedereen met inkomsten uit tegenwoordige dienstbetrekking of inkomsten uit overige werkzaamheden. Personen met een uitkering (bijvoorbeeld met een pensioen of WAO) hebben geen recht op de arbeidskorting. De werkgever houdt rekening met de arbeidskorting bij het vaststellen van de verschuldigde loonbelasting. De korting is namelijk in de witte tijdvaktabellen verwerkt.

De hoogte van de korting is afhankelijk van het inkomen en bedraagt maximaal ƒ 2.027,- per jaar, voor personen van 65 jaar en ouder maximaal ƒ 906,-.

I would recommend my suggested terms in preference to labour credit. This would be a term more likely to be used for some kind of tax relief granted to an EMPLOYER, not an employee.


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Note added at 2002-03-18 11:03:33 (GMT) Post-grading
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The fact that the reference provided by David calls it the so-called labour credit says it all.

jarry (X)
South Africa
Local time: 14:12
Specializes in field
Native speaker of: English
PRO pts in category: 112
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46 mins   confidence: Answerer confidence 5/5 peer agreement (net): +1
working person's allowance


Explanation:
This is the name given in the new Dutch tax system to a personal allowance for people who have derived income from "work" (i.e. inkomsten uit tegenwoordige dienstbetrekking, winst uit onderneming, resultaat overige werkzaamheden dat is behaald met het verrichten van arbeid).

It is in addition to the basic personal allowance (algemene heffingskorting).

See http://www.belastingdienst.nl/2001/aangifte2001/frame.htm -> Toelichting op uw aangifte -> Heffingskortingen - de arbeidskorting

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Note added at 2002-03-18 11:14:35 (GMT) Post-grading
--------------------------------------------------

In response to \"labour credit\", a tax credit reduces the amount of tax you pay, whereas an allowance entitles you to receive an amount without having to pay tax. It\'s a subtle difference, but a difference nevertheless.


    Reference: http://www.inlandrevenue.gov.uk/pdfs/irinsert.htm
    Reference: http://www.belastingdienst.nl/2001/aangifte2001/frame.htm
Chris Hopley
Netherlands
Local time: 14:12
Specializes in field
Native speaker of: English
PRO pts in category: 43

Peer comments on this answer (and responses from the answerer)
agree  Anna Carpendale: Agree, particularly on the difference between a credit and an allowance. Thanks.
3592 days
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Reference comments


5138 days
Reference: refs

Reference information:
Both JurLex and http://www.belastingdienst.nl/wps/wcm/connect/bldcontenten/b... give:

"employed person’s tax credit"

FELOnline has:

arbeidskorting [werkbonus] =
earned income tax credit <eitc> [NL]
employed person's tax credit
employee tax credit


--------------------------------------------------
Note added at 5138 days (2016-04-11 23:05:41 GMT) Post-grading
--------------------------------------------------

"You are entitled to the general tax credit and employed person's tax credit. The general tax credit amounts to € 2,001 and the employed person's tax credit to € 1,723, a total of € 3.724. The tax component is 5.85% and the contribution component is 31.15%." (http://www.belastingdienst.nl/wps/wcm/connect/bldcontenten/b... )

Michael Beijer
United Kingdom
Native speaker of: Native in EnglishEnglish
PRO pts in category: 15
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