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Bruttoverfahren

English translation: Gross procedure

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17:15 May 15, 2002
German to English translations [PRO]
Bus/Financial
German term or phrase: Bruttoverfahren
"Der Steuerabzug wird nach den Bruttoverfahren durchgeführt."

The idea (I believe) is that an honorarium amount is calculated to include VAT, and then the tax is deducted and the taxpayer receives the remainder.

Is this accounting method peculiar to German tax law, or is there something similar in American law?
Patrick Hubenthal
Local time: 10:33
English translation:Gross procedure
Explanation:
This is suggested by www.leo.org. Is this something to do with Vorsteuer?
Selected response from:

Sarah Downing
Local time: 12:33
Grading comment
Umsatzsteuer, actually. I suspect leo may simply be translating the component parts of the word and then stringing them together (I can do that too!) but I guess I'll go with it. Thanks.
2 KudoZ points were awarded for this answer

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Summary of answers provided
4Gross procedure
Sarah Downing


  

Answers


17 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
Gross procedure


Explanation:
This is suggested by www.leo.org. Is this something to do with Vorsteuer?

Sarah Downing
Local time: 12:33
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 247
Grading comment
Umsatzsteuer, actually. I suspect leo may simply be translating the component parts of the word and then stringing them together (I can do that too!) but I guess I'll go with it. Thanks.
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