This question was closed without grading. Reason: Other
Jan 20, 2016 11:56
8 yrs ago
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German term
zur Umsatzsteuer optieren
German to English
Bus/Financial
Law: Taxation & Customs
Hi,
This is in a lease agreement:
Er wird für alle Untermietverhältnisse seinerseits zur Umsatzsteuer optieren
My suggestion:
It shall economise for VAT for all subletting agreements
'optimieren' = ?
This is in a lease agreement:
Er wird für alle Untermietverhältnisse seinerseits zur Umsatzsteuer optieren
My suggestion:
It shall economise for VAT for all subletting agreements
'optimieren' = ?
Proposed translations
(English)
| 1 +1 | opt for VAT |
barbarameyer
|
Change log
Jan 20, 2016 12:15: Steffen Walter changed "Field (write-in)" from "zur Um satzsteuer optieren" to "(none)"
Jan 20, 2016 12:15: Steffen Walter changed "Field (specific)" from "Law: Contract(s)" to "Law: Taxation & Customs"
Proposed translations
+1
1 hr
opt for VAT
Rental income is generally exempt from VAT. If, however, the landlord and the tenant are subject to VAT, they may opt for VAT by filing a request with the relevant tax authorities. Financial sector professionals are generally not allowed to recover VAT in full and therefore do not use the VAT option.
http://goo.gl/nuHUx3
When leasing real estate, the tenant is not subject to any particular taxes payable on the rent. The landlord has to pay ordinary gains on his gains from business leases or income taxes on the rent; in certain instances, he may opt for VAT.
http://www.lexmundi.com/Document.asp?DocID=6008
Except as set forth in Section 7.04(a), (b) and (c) above, the sale and transfer of German based Transferred Assets and the assumption of liabilities of Membrana GmbH by Acquiror will be subject to German VAT. Except as set forth in Section 7.04(b), Membrana GmbH may, in its sole discretion, opt for VAT in case of VAT exempt assets, such as receivables, in case the German VAT Act provides for an election right with respect to such assets.
http://goo.gl/D4U9hf
If both seller and buyer are businesses under the Dutch VAT act, and the buyer will use the property for business activities (90% or more of the property) which are subject to VAT, parties can opt for a transfer subject to VAT. If parties opt for VAT at a rate of 21%, both VAT and transfer tax of 6% will be payable. VAT can usually be offset against VAT received or reclaimed from the tax office.
http://goo.gl/rd5oWF
http://goo.gl/nuHUx3
When leasing real estate, the tenant is not subject to any particular taxes payable on the rent. The landlord has to pay ordinary gains on his gains from business leases or income taxes on the rent; in certain instances, he may opt for VAT.
http://www.lexmundi.com/Document.asp?DocID=6008
Except as set forth in Section 7.04(a), (b) and (c) above, the sale and transfer of German based Transferred Assets and the assumption of liabilities of Membrana GmbH by Acquiror will be subject to German VAT. Except as set forth in Section 7.04(b), Membrana GmbH may, in its sole discretion, opt for VAT in case of VAT exempt assets, such as receivables, in case the German VAT Act provides for an election right with respect to such assets.
http://goo.gl/D4U9hf
If both seller and buyer are businesses under the Dutch VAT act, and the buyer will use the property for business activities (90% or more of the property) which are subject to VAT, parties can opt for a transfer subject to VAT. If parties opt for VAT at a rate of 21%, both VAT and transfer tax of 6% will be payable. VAT can usually be offset against VAT received or reclaimed from the tax office.
http://goo.gl/rd5oWF
Discussion