Bs. 30% de la Unidad Tributaria

English translation: 30% of one tax value unit (payable in Bs)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:Bs. 30% de la Unidad Tributaria
English translation:30% of one tax value unit (payable in Bs)
Entered by: Jennifer Levey

23:37 Mar 24, 2015
Spanish to English translations [PRO]
Bus/Financial - Education / Pedagogy / Venezuelan Transcript of Academic Record
Spanish term or phrase: Bs. 30% de la Unidad Tributaria
Context: short note on a Venezuelan transcript of academic record

Full sentence: Este documento no tiene validez si no se le colocan en la parte posterior timbres fiscales por Bs. 30% de la Unidad Tributaria.

Gracias de antemano.

D.S.
Darius Saczuk
United States
Local time: 03:06
30% of one tax value unit (payable in Bs)
Explanation:
In general, an 'Unidad Tributaria' is a normalised unit of taxation determined by a national government and designed to isolate tax rates from exchange-rate fluctations.

The following webref is from Colombia, but it comes from a well-known global finance conglomerate so we can assume the same translation is valid also for neighbouring Venezuela.

Colombia enacts tax reform - EY - Global - Ernst & Young
www.ey.com › Home › Services › Tax
Jan 8, 2015 - The first 12,000 UVT (tax value unit) (for 2015: COP 345,004,000 (approx .... The reform creates a new normalization tax, which is imposed from ...

Bs. is of course the Venezuelan Bolívar.
Selected response from:

Jennifer Levey
Chile
Local time: 04:06
Grading comment
Thank you, Robin.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +130% of one tax value unit (payable in Bs)
Jennifer Levey
Summary of reference entries provided
Glossary
Taña Dalglish

  

Answers


2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
30% of one tax value unit (payable in Bs)


Explanation:
In general, an 'Unidad Tributaria' is a normalised unit of taxation determined by a national government and designed to isolate tax rates from exchange-rate fluctations.

The following webref is from Colombia, but it comes from a well-known global finance conglomerate so we can assume the same translation is valid also for neighbouring Venezuela.

Colombia enacts tax reform - EY - Global - Ernst & Young
www.ey.com › Home › Services › Tax
Jan 8, 2015 - The first 12,000 UVT (tax value unit) (for 2015: COP 345,004,000 (approx .... The reform creates a new normalization tax, which is imposed from ...

Bs. is of course the Venezuelan Bolívar.

Jennifer Levey
Chile
Local time: 04:06
Native speaker of: Native in EnglishEnglish
PRO pts in category: 116
Grading comment
Thank you, Robin.

Peer comments on this answer (and responses from the answerer)
agree  Yvonne Becker: Yo coloco "30% of the value of the tax unit"
14 hrs
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Reference comments


43 mins
Reference: Glossary

Reference information:
http://www.proz.com/kudoz/spanish_to_english/education_pedag...

30% de la Unidad Tributaria
Explanation:
No sé en cuanto está fijada ahora la UT porque esta varía cada cierto tiempo. (Es una forma de lidiar con la inflación a los efectos de impuestos, tarifas por servicios públicos, como este caso... etc.)

1 UT (en este momento y al cambio oficial) = USD 15.63 (Bs. 33.600).

Taña Dalglish
Jamaica
Native speaker of: English
PRO pts in category: 245
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