Financiaciones del IVA que se devengan de los Costes de Construcción

12:48 Mar 29, 2007

This question was closed without grading. Reason: Answer found elsewhere

Spanish to English translations [PRO]
Bus/Financial - Finance (general) / VAT

Spanish term or phrase: Financiaciones del IVA que se devengan de los Costes de Construcción

"Mientras esté en vigor el presente Contrato, las Prestatarias no contraerán ningún otro crédito o préstamo adicional a este Contrato, salvo los Préstamos Subordinados no garantizados otorgados a las Prestatarias por los Socios. Asimismo, se exceptúan las *financiaciones del IVA que se devengan de los Costes de Construcción* del Proyecto y siempre que no cuenten con garantía alguna (con excepción de la pignoración de los derechos de crédito a las devoluciones que en su caso efectúe la Hacienda Pública y de los derechos de crédito derivados, en su caso, de la cuenta corriente relativa a dicho IVA).

I'm not entirely sure how to go about phrasing this. "VAT financing", as a literal translation, doesn't appear to be a particularly common way of saying it, at least according to Google.

Any help much appreciated!

Will Griffin KudoZ activity Questions: 295 (1 open) (5 without valid answers) (4 closed without grading) Answers: 56 Spain
Local time: 19:57

Summary of answers provided

5 +1

VAT financing included in the Construction Costs

Alfredo Tanús

financing of VAT accruing on project construction costs

John Rynne

Answers

16 mins confidence:

peer agreement (net): +1

VAT financing included in the Construction Costs

Explanation:
Suerte!

Alfredo Tanús
Local time: 15:57
Specializes in field
Native speaker of: Spanish
PRO pts in category: 40

1 hr confidence:

financing of VAT accruing on project construction costs

Explanation:
This is a tricky one. As I understand it, this may be a project finance agreement, and the borrowers are restricted as regards other borrowings. However, they ARE allowed to borrow to cover the VAT accruing on construction costs (I figure the construction costs themselves are be covered by the project finance). The borrowing to cover VAT cannot be collateralised except by pledging future VAT refunds or the VAT current account (which is a system whereby the taxpayer has an "account" with the tax administration through which the VAT payable and receivable is passed, and the account is settled for the net.
That is my theory of what is going on (without such a theory, you can't give a meaningful translation)

John Rynne
Local time: 20:57
Specializes in field
Native speaker of:

English
PRO pts in category: 489

Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

Return to KudoZ list

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

See also:

ProZ.com term search

Search millions of term translations