scontano

English translation: are subject to

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:scontano
English translation:are subject to
Entered by: GillW (MCIL)

18:53 Jul 26, 2015
Italian to English translations [PRO]
Bus/Financial - Law: Taxation & Customs / taxation of dividends
Italian term or phrase: scontano
Si rende opportuno segnalare che, qualora il percipiente adotti i principi contabili internazionali, i dividendi derivanti da una partecipazione non iscritta tra le immobilizzazioni finanziarie scontano tassazione integrale, senza, pertanto, beneficiare dell’esclusione parziale nella misura del 95% (art. 89 comma 2-{ut2}bis{ut3} D.P.R. 917/1986).

I know the meaning of 'scontano' in the sense of 'to discount' but can't figure out what it means here. Is it 'do not count towards'?

Any help gratefully received.
GillW (MCIL)
Local time: 21:50
are subject to
Explanation:
see also this link
Selected response from:

Sabrina Bruna
Italy
Local time: 22:50
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1are subject to
Sabrina Bruna


  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
are subject to


Explanation:
see also this link


    Reference: http://www.proz.com/kudoz/italian_to_english/law_contracts/3...
Sabrina Bruna
Italy
Local time: 22:50
Native speaker of: Native in ItalianItalian
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
agree  Rosanna Palermo: it means the amount of dividends from holdings not reported as fixed financial assets are fully taxable, and therefore not subject to the 95% tax deduction otherwise applicable to fixed financial assets
19 hrs
  -> thanks, Rosanna, have a nice day :)
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