Anrechnung .... gezahlten Steuern

English translation: Allowance for tax paid in England

07:51 Aug 6, 2004

German to English translations [PRO]
Bus/Financial - Law: Taxation & Customs

German term or phrase: Anrechnung .... gezahlten Steuern

Anrechnung der in England gezahlten Steuern

Sehr geehrter Herr X

Sie hatten uns darum gebeten, ein Schreiben anzufordern, aus dem hervorgeht, dass die von der Firma Y in England gezahlten Steuern nicht auf die deutsche Einkommensteuer anrechnet.

What would be the best translation of Anrechung here? Offsetting? Deduction? Many thanks.

markj

English translation:Allowance for tax paid in England

Explanation:
There are many, many ways to express this; other ways might be "Double taxation: tax paid in England" or "Offset on account of tax...." etc.

Selected response from:

David Moore (X)
Local time: 13:13

Grading comment

Thanks to everyone.
4 KudoZ points were awarded for this answer

Summary of answers provided

3 +2

Allowance for tax paid in England

David Moore (X)

4 +1

Imputation/crediting of taxes paid in England

KirstyMacC (X)

tax paid in England will not be credited to the taxpayer's tax liability in Germany

Ingrid Blank

1 +2

set off against

Jonathan MacKerron

Discussion entries: 4

Answers

11 mins confidence:

peer agreement (net): +2

Anrechnung .... gezahlten Steuern (hier)

Allowance for tax paid in England

Explanation:
There are many, many ways to express this; other ways might be "Double taxation: tax paid in England" or "Offset on account of tax...." etc.

David Moore (X)
Local time: 13:13
Native speaker of: English
PRO pts in category: 43

Grading comment

Thanks to everyone.

10 mins confidence:

peer agreement (net): +2

Anrechnung .... gezahlten Steuern (hier) set off against

Explanation:
might fit

--------------------------------------------------
Note added at 11 mins (2004-08-06 08:03:08 GMT)
--------------------------------------------------

give credit for / to obtain matching credit for / to deduct fro

Jonathan MacKerron
Native speaker of: English
PRO pts in category: 42

1 hr confidence:

tax paid in England will not be credited to the taxpayer's tax liability in Germany

Explanation:
...

Ingrid Blank
PRO pts in category: 32

1 hr confidence:

peer agreement (net): +1

Imputation/crediting of taxes paid in England

Explanation:
The tax imputation system: cf. ACT/ advance corp. tax now abolished in the UK.

I also agree with David's allowance- for idea.

'... notification in writing. You have the option of having the money returned
to you, or crediting your taxes to the next half. If you and ...'

Reference: http://www.co.geauga.oh.us/departments/treasurer/faq.ht

KirstyMacC (X)
Local time: 12:13
Native speaker of:

English
PRO pts in category: 17

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