Glossary entry (derived from question below)
German term or phrase:
steuerlicher Gewinn
English translation:
profit for income tax purposes
Added to glossary by
Robin Ward
May 16, 2002 08:01
22 yrs ago
5 viewers *
German term
steuerlicher Gewinn
German to English
Bus/Financial
Law: Taxation & Customs
Taxation
In the following sentence:
Eine Minderung des steuerlichen Gewinns 2001 erfolgte im Hinblick auf die im Wirtschaftsjahr 2001 handelsrechtlich eingestellten Gewerbesteuerrückstellungen bis einschließlich 2000 nicht, da insoweit bereits eine Berücksichtigung in den jeweiligen Veranlagungszeiträumen erfolgte, bzw. hinsichtlich der Zinsen zur Gewerbesteuer 1999 und 2000 eine Auswertung i.R.d. nächsten Betriebsprüfung erfolgen wird.
Is this "taxable profit", or "taxable income", or something else?
Eine Minderung des steuerlichen Gewinns 2001 erfolgte im Hinblick auf die im Wirtschaftsjahr 2001 handelsrechtlich eingestellten Gewerbesteuerrückstellungen bis einschließlich 2000 nicht, da insoweit bereits eine Berücksichtigung in den jeweiligen Veranlagungszeiträumen erfolgte, bzw. hinsichtlich der Zinsen zur Gewerbesteuer 1999 und 2000 eine Auswertung i.R.d. nächsten Betriebsprüfung erfolgen wird.
Is this "taxable profit", or "taxable income", or something else?
Proposed translations
(English)
4 +1 | profit for income tax purposes |
Astrid Cruse
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4 +1 | taxable profits |
Alison Schwitzgebel
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4 +1 | A lowering of revenue advantages 2001 ... |
brute (X)
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4 | taxable revenue (income) |
Klaus Dorn (X)
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4 | taxable gain(s) |
jerrie
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Proposed translations
+1
57 mins
Selected
profit for income tax purposes
In Germany, companies set up two different sets of financial statements, "Steuerbilanz" (amounts used for income tax purpose) and "Handelsbilanz" (pursuant to the German Commercial Code)
See the following excerpt of Department of Economic and Social Affairs
Statistics Division
Studies in Methods Series F, No.76
Handbook of National Accounting
LINKS BETWEEN
BUSINESS ACCOUNTING
AND
NATIONAL ACCOUNTING:
"One important issue to be noted in the use of business accounts is the difference between business
accounts for tax purposes and those for business analysis or public information. A major difference commonly
cited is in the treatment of depreciation: accounting for tax purposes may apply a depreciation schedule
allowed by tax authorities in order to reduce the immediate payment of income taxes while accounting for
business analysis focuses on the true standing of a company with a different schedule of depreciation which
reflects the nature of the fixed assets. This, however, is not an important issue in national accounts, where the
concept of depreciation (or consumption of fixed capital) is not the same as in business accounts. The SNA
concept of consumption of fixed capital must reflect the cost of fixed capital used up in production, which is
measured at current market price (see chapter VIII). The consumption of fixed capital is commonly calculated
by the perpetual inventory method (PIM) to replace depreciation used in business accounting in order to come
closer to the actual cost of fixed capital used in production. In many developing countries that are unable to
calculate the SNA consumption of fixed capital for lack of time series data on fixed capital formation, business
depreciation is used as a proxy (see chapter VII).
HTH, Grüße, Astrid
See the following excerpt of Department of Economic and Social Affairs
Statistics Division
Studies in Methods Series F, No.76
Handbook of National Accounting
LINKS BETWEEN
BUSINESS ACCOUNTING
AND
NATIONAL ACCOUNTING:
"One important issue to be noted in the use of business accounts is the difference between business
accounts for tax purposes and those for business analysis or public information. A major difference commonly
cited is in the treatment of depreciation: accounting for tax purposes may apply a depreciation schedule
allowed by tax authorities in order to reduce the immediate payment of income taxes while accounting for
business analysis focuses on the true standing of a company with a different schedule of depreciation which
reflects the nature of the fixed assets. This, however, is not an important issue in national accounts, where the
concept of depreciation (or consumption of fixed capital) is not the same as in business accounts. The SNA
concept of consumption of fixed capital must reflect the cost of fixed capital used up in production, which is
measured at current market price (see chapter VIII). The consumption of fixed capital is commonly calculated
by the perpetual inventory method (PIM) to replace depreciation used in business accounting in order to come
closer to the actual cost of fixed capital used in production. In many developing countries that are unable to
calculate the SNA consumption of fixed capital for lack of time series data on fixed capital formation, business
depreciation is used as a proxy (see chapter VII).
HTH, Grüße, Astrid
4 KudoZ points awarded for this answer.
Comment: "Many thanks for taking the time to provide this excellent explanation!"
3 mins
taxable revenue (income)
is what I would say
+1
16 mins
taxable profits
not all revenue is taxable....
Peer comment(s):
agree |
Roddy Stegemann
: Yes, this is it. One does not tax revenue, one taxes the profits obtained from that revenue.
1 hr
|
21 mins
taxable gain(s)
Is a term I've heard in a more general sense
+1
1 hr
A lowering of revenue advantages 2001 ...
My read!
Peer comment(s):
agree |
Сергей Лузан
: "A decreasing/ decrease of ...etc" might be an option here.
28 mins
|
Thanx Sergey!
|
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