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crédito por IVA (por las adquisiciones en plaza)

English translation: with VAT refunds for local/domestic equipment purchases


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:y crédito por IVA por las adquisiciones en plaza de equipamiento
English translation:with VAT refunds for local/domestic equipment purchases
Entered by: James A. Walsh
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12:23 Feb 8, 2012
Spanish to English translations [PRO]
Law: Taxation & Customs
Spanish term or phrase: crédito por IVA (por las adquisiciones en plaza)
Would appreciate your help translating this document on Uruguayan taxation.

Context:
"En materia de inversiones turísticas, la Ley de Promoción Turística permite la exoneración de Impuesto al Patrimonio por las inversiones en equipamiento, exoneración del Impuesto al Valor Agregado IVA en la importación y crédito por IVA por las adquisiciones en plaza de equipamiento, exoneración del 50% de los otros tributos en la importación...."

Thanks!
maria70
Local time: 02:28
with VAT refunds for local/domestic equipment purchases
Explanation:
"Refund" is the normal word used in English, I would say. See previous KudoZ question (link below) for "en plaza"; I think it would be "local" or "domestic" in your context. I would also translate "y" as "with" in this case, for better flow.

Hope this helps :)
Selected response from:

James A. Walsh
Spain
Local time: 07:28
Grading comment
thank you!
4 KudoZ points were awarded for this answer



Summary of answers provided
4with VAT refunds for local/domestic equipment purchases
James A. Walsh
4can reclaim VAT incurred on acquiring equipmentAna Ricca


  

Answers


42 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
can reclaim VAT incurred on acquiring equipment


Explanation:
The law is trying to encourage investment by waiving as much tax as possible. They do not have to pay tax on certain circumstances and can reclaim VAT on any purchases they make.

Ana Ricca
Local time: 06:28
Native speaker of: Native in SpanishSpanish
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
y crédito por IVA por las adquisiciones en plaza de equipamiento
with VAT refunds for local/domestic equipment purchases


Explanation:
"Refund" is the normal word used in English, I would say. See previous KudoZ question (link below) for "en plaza"; I think it would be "local" or "domestic" in your context. I would also translate "y" as "with" in this case, for better flow.

Hope this helps :)


Example sentence(s):
  • “…y crédito por IVA por las adquisiciones en plaza de equipamiento…”
  • “…with VAT refunds for local/domestic equipment purchases…”

    Reference: http://tinyurl.com/7ruf8ab
    Reference: http://www.proz.com/kudoz/spanish_to_english/other/139544-en...
James A. Walsh
Spain
Local time: 07:28
Native speaker of: Native in EnglishEnglish, Native in SpanishSpanish
PRO pts in category: 12
Grading comment
thank you!
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Changes made by editors
Feb 13 - Changes made by James A. Walsh:
Created KOG entryKudoZ term => KOG term


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