Halbeinkünfteverfahren
English translation: half-income system/half-income procedure
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| 07:48 Mar 7, 2001 |
| German to English translations [PRO] Bus/Financial - Law: Taxation & Customs | |||||||
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|  Selected response from: Vesna Zivcic Local time: 12:39 | ||||||
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| na | half income method |
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| na | half-income system, half-income procedure |
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| na | 50% dividends-received exemption |
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Answers
13 mins
half income method Explanation: That's a very new term that you probably won't find in any dictionary. According to the way it works I have often translated it as half income method. own work experience, studies (Master of Accountancy) native German, own work as public accountant |
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19 mins
half-income system, half-income procedure Explanation: This is the text that can be found on the official site of Bundesfinanzministerium on tax reform: "As regards the taxation of dividends, the full imputation system will be applicable in 2001 for the last time. From 2002 onwards the full imputation system will be replaced by the so-called half-income system to make cross-border investment within Europe more attractive. Under this system, only half of the distributed profits of a corporation will be included in the shareholder's personal income tax base. In return, it will be no longer necessary to credit the corporation tax paid by the company against the shareholder's income tax." Another hit: "As far as the taxation of distributed profits is concerned, the prevailing system - under which corporation tax paid can be set off in full against income tax dues - is to be replaced by the so-called 'half-income procedure' (Halbeinkünfteverfahren). Under this procedure the burden of corporation tax on dividends remains; only half of the value of the net dividends of corporation tax is assessed for the purposes of income tax." Reference: http://www.bundesfinanzministerium.de/infos/taxref.pdf Reference: http://www.diw-berlin.de:8282/diwwbe/eb==-05/n00mai-2.html |
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21 mins
50% dividends-received exemption Explanation: >>The 50% dividends-received exemption (Halbeinkünfteverfahren) for individuals (natural persons) likewise applies in principle to foreign-source dividends. However, if the earnings being distributed are from passive sources, the exemption only applies if they have been subject to foreign taxation equal to the new German corporation tax rate (25 %).<< http://usserve.us.kpmg.com/intlserv/intcorpt/pubs/gernews/18... HTH Tom see above |
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