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Spanish term

pistacho

Colombia

341 questions

pago de renta a los bienes de capital

Spanish to English Bus/Financial Law: Taxation & Customs

i. Descuento del IVA como anticipo del pago de renta a los bienes de capital. El proyecto de ley propuso la modificación del artículo 491 del Estatuto Tributario, para que el IVA pagado sobre los bienes de capital y los servicios asociados para poner en funcionamiento esos bienes, pudiera descontarse del impuesto sobre la renta generado durante el año en que fuera pagado (Gaceta del Congreso, 933-18, art. 13). Antes de la reforma, solo las empresas del sector minero energético contaban con esta posibilidad, y lo que el proyecto proponía era ampliar ese beneficio a las empresas de cualquier sector productivo (Estatuto Tributario, 2018, art. 485-2). Después del debate parlamentario, la iniciativa del gobierno nacional fue rechazada y el contenido del artículo 491 derogado integralmente, de manera que el IVA pagado por la adquisición o importación de activos no otorgará descuento alguno

Proposed translations (English)

4	input tax credit on capital goods	Guillermo Masio
4	return on capital employed	Francois Boye
1 +1	advance income tax payment on capital goods	Taña Dalglish

Discussion

Luis M. Sosa Sep 23, 2019:

Agree with John's explanation. Additionally, I think this has nothing to do with return on equity.

John Rynne Sep 23, 2019:

As I understand it It looks like companies importing capital goods and paying VAT on those imports of capital goods and on the services related to commissioning them would be allowed to deduct that VAT against corporate income tax for the year in which the VAT was paid. (This sounds like something special as normally I would have expected input VAT to be offset against output VAT).
The idea of "anticipo" I understand as meaning that this approach enables the companies to recoup the full VAT in the same year, rather than waiting until they have generated sufficient output VAT against which to offset it (purely a theory).

Proposed translations

23 mins

Guillermo Masio

Argentina

42 answers

Native in Spanish

Works in field

Selected

input tax credit on capital goods

Entiendo que se refiere a un crédito que obtiene el contribyente en el IVA como anticipo del impuesto sobre laa renta de bienes de capital

Reference:

http://https://www.taxmanagementindia.com/visitor/detail_article.asp?ArticleID=7464

http://https://cleartax.in/s/itc-rules-capital-goods-gst

4 KudoZ points awarded for this answer. Comment: "thank you"

11 mins

Taña Dalglish

Jamaica

4327 answers

Native in English

Spanish term (edited): anticipo del pago de renta a los bienes de capital

advance income tax payment on capital goods

advance income tax payment on capital goods

Anticipo al impuesto a la renta | Spanish to English | Law ...
https://www.proz.com/kudoz/spanish-to-english/law-taxation-c...
Apr 1, 2015 - English translation: Advance payment of income tax. Entered by ... Spanish term or phrase: Anticipo al impuesto a la renta .... Se hace, por lo general, en cuatro pagos, lo que depende de la legislación del respectivo país.

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase: Anticipo al impuesto a la renta
English translation: Advance payment of income tax

https://www.proz.com/personal-glossaries/entry/2448887-capit...

(PDF) Accounting Dictionary. Inglés-Español, Español-Inglés ...
https://www.academia.edu › Accounting_Dictionary._Inglés-Español_Españ...
Arbitration Service) Instituto de abatement of taxes rebaja de Mediación, Arbitraje y .... pasivo advance tax payment pago impositivo administrado. por adelantado. ... Accountants) Asociación de advances to suppliers anticipos a Contadores ..... capital assets bienes de capital, activo call n. opción de compra de un activo.

08ZZ£ The Glosario World del Bank Banco Glossary Mundial ...
documents.banquemondiale.org › curated › text
Amounts due from others within one year of report date for goods and/or services ... advance payment adjustment; industrial and trade policy adjustment pago ...... tax reports of depreciation. capital goods; capital equipment capital cost bienes ...... income ingreso(s); renta income tax impuesto sobre, a la renta income (and ...

[PDF]
CGAP Glossary Spanish to English
www.cgap.org › default › files › researches › documents
acceleration (of maturity), prematuring anticipación del vencimiento ... adjusted return on performing assets .... suficiencia de capital, adecuación del capital capital adequacy ratio ratio de suficiencia del ... bienes de capital ..... rentas diferidas ...... payment in advance pago adelantado, pago anticipado, avance, anticipo.

UCLAEX FINANCIAL SPAN/ENG Flashcards | Quizlet
https://quizlet.com › uclaex-financial-spaneng-flash-cards
Accrued depreciation. Dividendo devengado. Accrued dividend. Gastos acumulados. Accrued expense. Renta acumulada. Accrued income. Pasivo acumulado.

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Note added at 1 hr (2019-09-22 16:39:14 GMT)
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Not sure to which country the Asker is referring, but perhaps this explanation may be useful: https://docs.oracle.com/cd/E39583_01/fscm92pbr0/eng/fscm/far... VAT Calculations for Discounts
For discounts, the system uses the VAT calculation method at payment time to determine VAT adjustments.

You can apply prompt payment discounts if the advance payment is applied to the invoice before the discount due date, or if the final payment is received (and applied to the invoice) before the discount due date.

If you select VAT Discountable Amount for the basis amount for a payment term, the system calculates the discount amount on the net amount of the item after VAT. Otherwise, it calculates it on the gross amount.

Peer comment(s):

agree	Adrian MM. : A kind of ACT (UK ex-advance corporation tax) on account of 'mainstream' CT liability - but a VAT discount seemingly credited against payment of IT/Income Tax - an original idea.. 46 mins
	Thanks.