Glossary entry (derived from question below)
German term or phrase:
Halbeinkünfteverfahren
English translation:
half-income system/half-income procedure
Added to glossary by
Dawn Montague
Mar 7, 2001 07:48
23 yrs ago
German term
Halbeinkünfteverfahren
German to English
Bus/Financial
Law: Taxation & Customs
Mit der Steuerreform ändert sich in einigen Bereichen auch das bisherige Berechnungsverfahren. So müssen sich Aktienanleger vom Jahr 2002 an auf eine vollkommen neue Art der Besteuerung von Dividenden und Spekulationsgewinnen einstellen.
Das Schlüsselwort heißt:„Halbeinkünfteverfahren “.
Das Schlüsselwort heißt:„Halbeinkünfteverfahren “.
Proposed translations
(English)
0 | half-income system, half-income procedure | Vesna Zivcic |
0 | half income method | Andy Lemminger |
0 | 50% dividends-received exemption | Tom Funke |
Change log
May 6, 2008 12:17: Steffen Walter changed "Term asked" from "Halbeink�nfteverfahren" to "Halbeinkünfteverfahren" , "Field (specific)" from "(none)" to "Law: Taxation & Customs"
Proposed translations
19 mins
Selected
half-income system, half-income procedure
This is the text that can be found on the official site of Bundesfinanzministerium on tax reform:
"As regards the taxation of dividends, the full imputation system will be applicable in 2001 for the last time. From 2002 onwards the full imputation system will be replaced by the so-called half-income system to make cross-border investment within Europe more
attractive. Under this system, only half of the distributed profits of a corporation will be included in the shareholder's personal income tax base. In return, it will be no longer
necessary to credit the corporation tax paid by the company against the shareholder's income tax."
Another hit:
"As far as the taxation of distributed profits is concerned, the prevailing system - under which corporation tax paid can be set off in full against income tax dues - is to be replaced by the so-called 'half-income procedure' (Halbeinkünfteverfahren). Under this procedure the burden of corporation tax on dividends remains; only half of the value of the net dividends of corporation tax is assessed for the purposes of income tax."
"As regards the taxation of dividends, the full imputation system will be applicable in 2001 for the last time. From 2002 onwards the full imputation system will be replaced by the so-called half-income system to make cross-border investment within Europe more
attractive. Under this system, only half of the distributed profits of a corporation will be included in the shareholder's personal income tax base. In return, it will be no longer
necessary to credit the corporation tax paid by the company against the shareholder's income tax."
Another hit:
"As far as the taxation of distributed profits is concerned, the prevailing system - under which corporation tax paid can be set off in full against income tax dues - is to be replaced by the so-called 'half-income procedure' (Halbeinkünfteverfahren). Under this procedure the burden of corporation tax on dividends remains; only half of the value of the net dividends of corporation tax is assessed for the purposes of income tax."
4 KudoZ points awarded for this answer.
Comment: "Thanks!"
13 mins
half income method
That's a very new term that you probably won't find in any dictionary. According to the way it works I have often translated it as half income method.
21 mins
50% dividends-received exemption
>>The 50% dividends-received exemption (Halbeinkünfteverfahren) for individuals (natural persons) likewise applies in principle to foreign-source dividends. However, if the earnings being distributed are from passive sources, the exemption only applies if they have been subject to foreign taxation equal to the new German corporation tax rate (25 %).<<
http://usserve.us.kpmg.com/intlserv/intcorpt/pubs/gernews/18...
HTH Tom
http://usserve.us.kpmg.com/intlserv/intcorpt/pubs/gernews/18...
HTH Tom
Reference:
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