Glossary entry (derived from question below)
Catalan term or phrase:
deduccions per bonificacions
English translation:
Tax concessions
Added to glossary by
S Ben Price
Jan 8, 2014 22:59
10 yrs ago
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Catalan term
Spain
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Native in: English 
Works in: Spanish to English, German to English, Catalan to English
deduccions per bonificacions
Catalan to English
Bus/Financial
Finance (general)
This sentence doesn't make any sense to me. It seems to have "deduction" three times in a row (Deductions related to deductions are considered deductions...) and I'm not sure how to get around that because I don't really understand what it is saying. Is there some fine difference between the three? Any ideas?
Orig
El benefici fiscal corresponent a les deduccions per bonificacions es considera com un menor import de l’Impost sobre Societats de l’exercici en què es materialitzen. Per tal que aquestes deduccions siguin efectives, s’hauran de complir els requisits establerts en la normativa vigent.
Rough draft
Fiscal benefits related to deductions for benefits are considered to be deductions in income tax for the year in which they occur.
Alternate
Deductions related to deduction allowances are considered to be reduced income tax in the year in which they occur.
Orig
El benefici fiscal corresponent a les deduccions per bonificacions es considera com un menor import de l’Impost sobre Societats de l’exercici en què es materialitzen. Per tal que aquestes deduccions siguin efectives, s’hauran de complir els requisits establerts en la normativa vigent.
Rough draft
Fiscal benefits related to deductions for benefits are considered to be deductions in income tax for the year in which they occur.
Alternate
Deductions related to deduction allowances are considered to be reduced income tax in the year in which they occur.
Proposed translations
(English)
| 3 | Tax concessions |
Rachael West
|
| 3 | deductions for allowances |
Helena Chavarria
|
Proposed translations
11 hrs
Selected
Tax concessions
Tax reductions (deriving from tax concessions) are considered to be lower than Corporation Tax rates for the year in which they occur.
Definition of tax concession = tax reduction encouraging investment.
The point here (I think) is that companies are given tax concessions or reductions so that the tax return comes out more favourable (thereby encouraging investment). Although these concessions are still less than Corporate Tax rates- ie. they will still have to pay something.
Yes, it's repetitive in Catalan or Spanish, where in English this wouldn't be necessary. I wouldn't translate benefici so directly into English, as it so often doesn't translate well into "benefit" (usually profit, gain, allowance, etc). On the other hand, I'd add the word "rates", clearer in English.
Hope this helps! Good luck
Definition of tax concession = tax reduction encouraging investment.
The point here (I think) is that companies are given tax concessions or reductions so that the tax return comes out more favourable (thereby encouraging investment). Although these concessions are still less than Corporate Tax rates- ie. they will still have to pay something.
Yes, it's repetitive in Catalan or Spanish, where in English this wouldn't be necessary. I wouldn't translate benefici so directly into English, as it so often doesn't translate well into "benefit" (usually profit, gain, allowance, etc). On the other hand, I'd add the word "rates", clearer in English.
Hope this helps! Good luck
4 KudoZ points awarded for this answer.
Comment: "Thanks!"
24 mins
Helena Chavarria
Spain
Spain
Native in English
Works in field
Spain
Striving for excellence
Native in: English (Variant: British)
Works in: Spanish to English, Catalan to English
Related KudoZ points
:
8
deductions for allowances
This is a vary basic translation but I think it's enough to give you a rough idea. A specialist on financial texts could give you a more professional translation.
'The sum of the tax benefit corresponding to the deductions for allowances shall be less than the Company Tax for the financial year in which it occurs.'
Meaning that the benefits cannot be higher than the amount they have to pay.
Why don't you translate the text into Spanish and post your question in the SP>ENG forum?
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Note added at 1 hr (2014-01-09 00:23:45 GMT)
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Yes, I think 'are considered to be' is fine. I'm more concerned about 'occur'. I wriggled my way out of financial translations some years ago and I'm afraid I've forgotten a lot of specialised vocabulary. I know tax is accrued but what about benefits?
'The sum of the tax benefit corresponding to the deductions for allowances shall be less than the Company Tax for the financial year in which it occurs.'
Meaning that the benefits cannot be higher than the amount they have to pay.
Why don't you translate the text into Spanish and post your question in the SP>ENG forum?
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Note added at 1 hr (2014-01-09 00:23:45 GMT)
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Yes, I think 'are considered to be' is fine. I'm more concerned about 'occur'. I wriggled my way out of financial translations some years ago and I'm afraid I've forgotten a lot of specialised vocabulary. I know tax is accrued but what about benefits?
Note from asker:
| Just going on previous segments of the translation, I'm pretty confident about the "are considered to be" part. They are describing how and where all the different transactions and assets/liabilities are defined and recorded. I can definitely use some of this though. Thanks : ) |
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