Spanish translation: utilidad de operación ajustada por impuestos
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English to Spanish translations [PRO] Bus/Financial - Law: Taxation & Customs
English term or phrase:tax- adjusted commercial profit
WHAT IS TONNAGE TAX ?
Tonnage Tax is an alternative method of calculating corporation tax profits by reference to the net tonnage of the ship operated. The tonnage tax profit replaces both the tax- adjusted commercial profit/loss on a shipping trade and the chargeable gains/losses made on tonnage tax assets. Other profits of a tonnage tax company are taxable in the normal way.