Glossary entry

Dutch term or phrase:

verlichtingen

English translation:

reliefs

Added to glossary by Jack den Haan
Oct 30, 2007 14:35
17 yrs ago
Dutch term

verlichtingen

Dutch to English Bus/Financial Law: Taxation & Customs
From a contract to supply railway equipment

the actual text has:
Alle verlichtingen en lasten betreffende het personeel zijn voor rekening van de wederpartij.

I suspect it is tax reliefs - any ideas?

I also found this... De administratieve verlichtingen en lasten lopen op dit moment via een landelijk punt.
Proposed translations (English)
3 reliefs
Change log

Oct 30, 2007 22:35: Jack den Haan Created KOG entry

Discussion

Mark Shimmin Oct 30, 2007:
Could it be "Verplichtingen"?

Proposed translations

29 mins
Selected

reliefs

I think you might be right about those tax reliefs.

www.metrogroup.de/servlet/PB/show/1001760/GB-englisch-2000....
Assets and liabilities from future ** income tax reliefs and burdens ** require to be recognized according to the balance sheet liability method of IAS 12 (Income Taxes) by applying tax rates relevant to any future dividend distribution; another requirement is the obligatory recognition of deferred tax assets that arise from the offset of tax loss carryovers against future taxable profits whose realization is reasonably certain.
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4 KudoZ points awarded for this answer. Comment: "I discussed this with another Dutch person, and it seems you are right. thanks"
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