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fixation forfaitaire

English translation: overall tax base according to the standard rates of tax


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:Base d'assiette globals suivant fixation forfaitaire
English translation:overall tax base according to the standard rates of tax
Entered by: Neil Rear
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16:53 Sep 20, 2004
French to English translations [PRO]
Bus/Financial - Accounting
French term or phrase: fixation forfaitaire
"Base d'assiette globals suivant fixation forfaitaire" (on Luxembourg company accounts, under local government taxes section)
Neil Rear
United Kingdom
Local time: 22:23
overall tax base according to the standard rates of tax
Explanation:
IAS 12 (revised in 1996) page 254 : “A reconciliation in figures between the tax liability and the result of the multiplication of the accounting profits by the standard rate(s) of tax, also presenting the way the standard rate(s) of tax is /are computed. (…)A reconciliation in figures between the average effective tax rate and the standard rate of tax, also presenting the base on which the standard rate of tax is computed.”

(6) Luxembourg may extend this obligation either to all Luxembourg companies, or only to listed companies.
Selected response from:

Jane Lamb-Ruiz
Grading comment
Thank you Jane! Very helpful explanation. :)
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1overall tax base according to the standard rates of taxJane Lamb-Ruiz
3standard amountpalani


  

Answers


7 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
overall tax base according to the standard rates of tax


Explanation:
IAS 12 (revised in 1996) page 254 : “A reconciliation in figures between the tax liability and the result of the multiplication of the accounting profits by the standard rate(s) of tax, also presenting the way the standard rate(s) of tax is /are computed. (…)A reconciliation in figures between the average effective tax rate and the standard rate of tax, also presenting the base on which the standard rate of tax is computed.”

(6) Luxembourg may extend this obligation either to all Luxembourg companies, or only to listed companies.


Jane Lamb-Ruiz
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in PortuguesePortuguese
PRO pts in category: 253
Grading comment
Thank you Jane! Very helpful explanation. :)

Peer comments on this answer (and responses from the answerer)
agree  xxxDeriche: standard rates
12 mins
  -> yes...thanx
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13 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
standard amount


Explanation:
think it could be the standard amount fixed from the basis of assessment.

palani
Local time: 02:53
PRO pts in category: 11
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