rappels sur Cr.impôt & AF imputés
English translation: Reminder regarding tax credits and dividend tax credits for which tax credit was provided/credited
| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
|---|---|---|---|---|---|---|
|
| 20:09 Jul 12, 2002 |
| French to English translations [PRO] Bus/Financial - Law: Taxation & Customs / tax | |||||||
|---|---|---|---|---|---|---|---|
|
| ||||||
|  Selected response from: Helen D. Elliot (X) Canada Local time: 04:58 | ||||||
Grading comment
| |||||||
| Summary of answers provided | ||||
|---|---|---|---|---|
| 4 +1 | Reminder regarding tax credits and dividend tax credits for which tax credit was provided |
| ||
| 5 -1 | Reminder notice regarding Tax Allowance & Interest Charged |
| ||
| 4 | input tax credit and Imputation (or imputed) credit |
| ||
| 4 | quick comment |
|
Answers
14 mins confidence: 
peer agreement (net): -1
peer agreement (net): -1Reminder notice regarding Tax Allowance & Interest Charged Explanation: Cr. d'impôt or tax allowance AF imputes= agios financiers imputes |
| |
| Login to enter a peer comment (or grade) | ||
6 hrs confidence: 
peer agreement (net): +1
peer agreement (net): +1Reminder regarding tax credits and dividend tax credits for which tax credit was provided Explanation: This is the gist of what the French means. I am not a specialist in France's accounting or tax legislation. The definition of "avoir fiscal" is included below from the Dictionnaire de la comptabilité et de la gestion financière (Louis Ménard, CA), a joint work by the Institut Canadien des Comptables Agréés, the Ordre des experts comptables,France, and the Institut des Reviseurs d'Entreprises, Belgique. An explanation found on the Net is also included This has to do with French taxation and involves tax credits (crédits d'impôt) and French dividend tax credits known as "avoir fiscal." *Imputés* refers the dégrèvement (tax credit) of both tax credits and dividend tax credits. If they were expenses, they would be "charged" or "debited" but as they are "credits" they reduce the tax burden, I would say something like "for which tax credit was provided." Signature of a Protocol Amending the Existing Tax Treaty Between ... ... It also introduces a mechanism for the refund of the French tax credit ("avoir fiscal") to individuals and certain companies which are residents of Canada and ... www.fin.gc.ca/news95/95-099e.html - 23k - Cached - Similar pages http://www.fin.gc.ca/news95/95-099e.html ARTICLE 7 Replaces Article 10 (Dividends) by reducing the rate of withholding tax on certain direct dividends and the branch profits tax to 5 per cent, effective in 1997 (see ARTICLE 21 of the Protocol). It also introduces a mechanism for the refund of the French tax credit ("avoir fiscal") to individuals and certain companies which are residents of Canada and which receive dividends from French companies. Moreover, the Minister indicated that Canada has agreed to **provide a credit against its tax** for any inheritance tax payable in France at the time of eath; similarly, France will **provide a credit,** against its inheritance tax, for any tax paid in Canada on property situated in Canada forming part of the estate of a deceased person. tax credit (crédit d'impôt). An amount deducted directly from income tax otherwise payable. Examples include the disability tax credit and the married credit for individuals, and the scientific research and experimental development investment tax credit for corporations. See also age credit; film or video production services tax credit; goods and services tax (GST) credit; input tax credit; investment tax credit; manufacturing and processing tax credit; pension income credit; refundable tax credit. http://www.ccip.fr/dircom/nouveaucourrier/nc-fisc.htm Fiscal Avoir fiscal : un nouveau champ d'application. Lorsqu'une société a réalisé des bénéfices, deux possibilités s'offrent à elle : conserver les fonds pour s'autofinancer, ou bien distribuer des dividendes aux associés ou actionnaires. Une telle distribution est imposable entre les mains de chaque bénéficiaire et ouvre généralement droit , à l'avoir fiscal. Toutefois, une instruction fiscale de décembre 2001 restreint considérablement son champ d'application. RAPPEL : QU'EST-CE QUE L'AVOIR FISCAL ? A/ Définition L'avoir fiscal permet d'éliminer partiellement la double-imposition des bénéfices distribués par la société à ses associés. En effet, les revenus ainsi distribués doivent en théorie subir deux fois l'impôt : - dans un premier temps, les bénéfices réalisés par la société supportent l'impôt sur les sociétés ; - puis, au moment de leur distribution, ils sont imposés à l'impôt sur le revenu au titre des revenus de capitaux mobiliers ou à l'impôt sur les sociétés, selon que l'associé bénéficiaire est respectivement, une personne physique ou une personne morale. Aussi, l'avoir fiscal vient-il atténuer la surimposition des sommes attribuées par le mécanisme décrit ci-après. B/ Mécanisme Concrètement, l'avoir fiscal est un crédit d'impôt accordé à l'associé qui reçoit les dividendes. Dictionnaire de la comptabilité et de la gestion financière, Louis Ménard, CA DIVIDEND TAX CREDIT Crédit d'impôt pour dividendes (CA et BE) Avoir fiscal (FR) Fiscalité: dégrèvement accordé aux particuliers qui ont reçu, au cours de l'année d'imposition, des dividendes de sociétés imposables. Note -- Aux fins de calcul de ce crédit, le revenu imposable du contribuable comprend le dividende reçu, augmenté d'un pourcentage qui varie selon le pays; le crédit d'impôt, alloué aux bénéficières des dividendes distribués est égal à un certain pourcentage, en France et en Belgique, des sommes effectivement reçues des sociétés et, au Canada, des dividendes majoré. Considéré comme un impôt déjà versé, ce crédit vient en diminution du montant effectif de l'impôt personnel que doit acquitter le contribuable et il peut, du moins en France, faire l'objet d'un recouvrement. Ce dégrèvement a pour but d'atténuer la charge fiscale résultant de l'application successive, aux bénéfices distribués, de l'impôt sur les bénéfices des sociétés et de l'impôt sur le revenu des personnes physiques. |
| |
Grading comment
| ||
| Login to enter a peer comment (or grade) | ||
7 hrs confidence:
input tax credit and Imputation (or imputed) credit Explanation: "input tax credit" (Credit de TVA par exemple) "imputation credit" for avoir fiscal (AF) |
| |
| Login to enter a peer comment (or grade) | ||
11 hrs confidence:
quick comment Explanation: Rather than a "reminder", this could very well be taxes reassessed: the company/person involved has "used" (imputé) the tax credits so admirably explained by Helen, but shouldn't have, and the tax authorities are claiming back the relevant amount. Hope this is of use: I used to work in-house at a tax/accountancy firm and this rang bells. -------------------------------------------------- Note added at 2002-07-13 07:43:19 (GMT) Post-grading -------------------------------------------------- Helen explains this, of course: it\'s just that to me \"reminder\" doesn\'t necessarily imply \"claiming back an amount wrongly unpaid\", it could mean simple reminder for an amount overdue, not yet disputed. Hope this makes sense ! :) |
| |
| Login to enter a peer comment (or grade) | ||
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.
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:
Search millions of term translations