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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 RearKudoZ activityQuestions: 382 (none open) ( 12 closed without grading) Answers: 33 United Kingdom
| Local time: 22:23
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| | 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.
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| Selected response from: Jane Lamb-Ruiz
| Grading comment Thank you Jane! Very helpful explanation. :) 4 KudoZ points were awarded for this answer |
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