איחוד עוסקים
English translation: Partnership for VAT purposes
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| 16:44 Mar 7, 2009 |
| Hebrew to English translations [PRO] Bus/Financial - Business/Commerce (general) | |||||||
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|  Selected response from: Ron Armon Israel Local time: 12:35 | ||||||
Grading comment
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| Summary of answers provided | ||||
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| 5 +1 | Joint registration |
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| 4 | Partnership for VAT purposes |
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| 4 | Consortium of Licensed Traders/Registered Dealers |
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| 3 | Dealer's PartnershipUnion |
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Answers
28 mins confidence: 
Dealer's PartnershipUnion Explanation: I can't be sure, but I would have to make an educated guess, I would go with those options, and with Dealer's Partnership between the two. |
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28 mins confidence:
Partnership for VAT purposes Explanation: איחוד עוסקים is a special patnership of separate עוסקים ONLY for VAT reporting purposes. (The עוסקים remain separate entities - not a "real" partnership) It is used in farmers groups and in Kibbutzim. You can learn about it in: www.justice.gov.il/MOJHeb/RashamHachvarot/Shutfuyot/ www.mekler.co.il/doc.aspx?id=m2006056 In foreign countries it is used in the same way for the same organizations. See here for example: www.revenue.ie/en/about/foi/s16/vat/chpt-09/9-04.pdf www.revenue.ie/en/tax/vat/leaflets/vat_milk.pdf -------------------------------------------------- Note added at 47 mins (2009-03-07 17:31:19 GMT) -------------------------------------------------- Interesting... I just saw Bavel has already answered this one a while ago: www.proz.com/kudoz/hebrew_to_english/accounting/1696114-מדו... -------------------------------------------------- Note added at 1 hr (2009-03-07 18:03:04 GMT) -------------------------------------------------- Well... Hebrew URL's... This will work: http://www.proz.com/kudoz/hebrew_to_english/accounting/16961... |
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Grading comment
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3 hrs confidence:
Consortium of Licensed Traders/Registered Dealers Explanation: Licensed Dealer/Trader = עוסק מורשה Registered Dealer/Trader = a general term for any kind of OSEK registered with the VAT authorities (incl. זעיר & פטור). The context you gave suggests a consortium of Licensed Dealers/Traders. Consortium = איחוד - an association of companies formed for a particular common issue/purpose. (Google "define: consortium" and you'll get plenty of similar answers ). PS - Trader is the more commonly used term since it covers services as well as sales (like us translators). Reference: http://wordnet.princeton.edu/perl/webwn |
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4 hrs confidence: peer agreement (net): +1
peer agreement (net): +1Joint registration Explanation: For VAT purposes 2 companies can file a joint return where there is common ownership. They also don't have to charge VAT between themselves |
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