IS
English translation: Corporate Income Tax
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| 10:24 Aug 22, 2006 |
| Spanish to English translations [PRO] Law/Patents - Law: Taxation & Customs / Impuestos | |||||||
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|  Selected response from: Rebecca Jowers Spain Local time: 08:05 | ||||||
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| 5 +2 | Corporate Income Tax |
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| 5 | Corporate Tax (UK) |
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Answers
11 mins confidence: 
Corporate Tax (UK) Explanation: IS = Impuesto de sociedades -------------------------------------------------- Note added at 14 mins (2006-08-22 10:38:19 GMT) -------------------------------------------------- http://www.hmrc.gov.uk/stats/corporate_tax/introduction.pdf Corporate Tax A. INTRODUCTORY NOTE 1. This section presents analyses of the direct taxes paid by companies: mainly corporation tax and, for companies extracting oil or gas from the North Sea, petroleum revenue tax. This chapter excludes the windfall tax on the excess profits of privatised utilities which was introduced in the July 1997 Budget (see the Table T1.2). B. CORPORATION TAX An outline and major milestones 2. Corporation tax is charged on the profits made by companies, public corporations and unincorporated associations such as industrial and provident societies, clubs and trade associations. The tax is charged on the profits made in each accounting period, ie the period over which the company draws up its accounts. The rates of tax are set for the financial year April to March; where an accounting period straddles 31 March the profits are apportioned between the two financial years on a time basis. |
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4 mins confidence: peer agreement (net): +2
peer agreement (net): +2Corporate Income Tax Explanation: (Impuesto sobre Sociedades) -------------------------------------------------- Note added at 13 mins (2006-08-22 10:37:37 GMT) -------------------------------------------------- Also: "corporate tax"; "corporation tax"; "company tax" 2.5 Corporate Income Tax (Impuesto sobre sociedades, IS). 2.5.1 Introduction. 2.5.2 Legislation. 2.5.3 Comments and Analysis. 2.5.4 Practical Cases ... www.procesa.es/pdf/eprocesa/gicEN/CONTENTS LIST.pdf - Company or Corporation Tax (impuesto sobre sociedades): is paid at 35 per cent on profits by partnerships and registered companies such as a Sociedad ... www.easyexpat.com/madrid_en/work_taxes.htm The Spanish taxation system classifies tax payments as Taxes, Levies and Contributions. ... Corporation Tax (Impuesto sobre Sociedades, or IS). ... www.invest-vci.com/en/cgi-bin/section.asp?sid=0506010700 -------------------------------------------------- Note added at 18 mins (2006-08-22 10:42:52 GMT) -------------------------------------------------- For info: In Spain it's called "Impuesto SOBRE Sociedades" (not DE) Real Decreto Legislativo 4/2004, de 5 de marzo, por el que se aprueba el texto refundido de la Ley del Impuesto sobre Sociedades. (BOE 11/03/2004) ... www.aeat.es/normlegi/sociedades/home.html IRNR = Impuesto sobre la Renta de No Residentes (Non-residents Income Tax) |
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