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Spanish to English translations [PRO]
Bus/Financial - Law: Taxation & Customs | | Spanish term or phrase: impuestos a los activos empresariales | | In a Venezuelan financial statement together with "Impuestos sobre La Renta". |
| spanrussKudoZ activityQuestions: 1261 ( 5 open) ( 1 without valid answers) ( 98 closed without grading) Answers: 218
| Local time: 13:32
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| | Asset tax / Business asset tax | Explanation:
"El Impuesto al Activo" went into effect in Mexico in 1989. The local member firms of international accounting firms first translated this term as "tax on business assets". Then that was changed to "tax on assets". The third and last change was to "asset tax" and that is what is used to day.
Grammar note: The word "asset" should be in the singular form because it is functioning as a descriptive adjective in this case, not as a noun, and all ajectives in English are always singular in form.
Hope this helps.
17 years translating for accounting firms, financial entities, et al in Mexico City.
Former English teacher at CELE-UNAM (accredited) and CENLEX-IPN |
| Selected response from:
 Richard Cadena
Mexico
Local time: 12:32
| Grading comment | 4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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Automatic update in 00:
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6 mins confidence:  peer agreement (net): +1
10 mins confidence:  peer agreement (net): +1 Business Assets Tax
Explanation:
[RTF] Foreign Income Series Business Operations Abroad (Countries ...Formato de archivo: Rich Text Format - Versión en HTML
ARDs American Depository Receipts. BAT Business Assets Tax. BATL Business Assets Tax Law. BATR Business Assets Tax Regulations. BCV Venezuelan Central Bank ...
www.bnatax.com/tm/docs/993_2_PDS.doc - Páginas similares
The abc of the Legal Regime of the Oil Industry in Venezuela ... - [ Traduzca esta página ]Tax Exemption for Dividends: In Venezuela, dividends are exempt from income ... The surplus paid as business assets tax can be used as a tax credit over the ...
www.internet.ve/araqreyn/opart3-3.html - 17k -
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Note added at 12 mins (2006-02-21 22:00:23 GMT)
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[PDF] PowerPoint PresentationFormato de archivo: PDF/Adobe Acrobat
Impuesto a los Activos Empresariales. Annullment of Business Assets Tax. Law. In Official Gazette N° 38.002 dated August ...
www.ey.com/global/download.nsf/Venezuela/ Tax_Alert_18Ago04/$file/EY%20Tax%20Alert_
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Note added at 12 mins (2006-02-21 22:00:58 GMT)
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FIN - St.prp. nr. 32 (1997-98) - [ Traduzca esta página ]the taxes on income (impuesto sobre la renta); and; the business assets tax (impuesto a los activos empresariales); (hereinafter referred to as «Venezuelan ...
odin.dep.no/fin/norsk/publ/stprp/ 006005-030017/index-ved001-b-n-a.html - 157k - En caché - Páginas similares
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Note added at 2 hrs (2006-02-22 00:22:09 GMT)
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Te copio un muy buen link, que aportó marybro:
Business Asset Tax (BAT): Similar to the income tax, reorganized companies must file their respective BAT statements and pay taxes arising from the merger. The BAT is payable by all legal persons and individual merchants subject to the income tax.
The BAT falls on the tangible and intangible assets owned by the taxpayer located in the country and incorporated into the production of income in Venezuela. The tax base is the annual average of the values of the taxable assets at its tax basis, monetary assets are subject to deflation for inflation effects in order to tax real values, and the rate applied to that base is 1 percent. The nature of this tax is to be an alternative minimum tax, as this tax is reduced by the amount of income tax payable for the fiscal year; so in fact, the BAT payable is the amount exceeding the total income tax bill for the fiscal year, if any.
Further, that excess can be carried forward as a credit against income tax obligations incurred in the three subsequent fiscal years.
There is an exemption for the pre-operative period and the first two years for companies that start activities in Venezuela.
If BAT was incurred in the last tax return of the merged company, the same would be attributable as a fiscal credit against income tax caused by the surviving company during the three fiscal years immediately following the merger. However, if only a portion of the target assets are held by the surviving company at year-end, the credit carried forward would be prorated by the ratio of the total of the assets retained to the total of the assets of the target company transferred.
http://www.us.kpmg.com/microsite/mergersandacquisitions/vene...
| Ana Brassara
Local time: 14:32
Specializes in field
Native speaker of:  Spanish
PRO pts in category: 24
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