Glossary entry

French term or phrase:

la préscription

English translation:

maximum delay for something to happen

Added to glossary by Margaret Lomas (X)
Jul 12, 2002 19:57
22 yrs ago
4 viewers *
French term

la prescrition en matière d'impôt

French to English Bus/Financial Law: Taxation & Customs Tax
I'm still struggling through this tax document. Can anyone help me with this sentence? "la prescrition en matière d'impôt sur les sociétés est interrompue a hauteur de ce montant" Thanks, all suggestions gratefully received.

Proposed translations

41 mins
Selected

the corporate income tax limitation period is not applicable for sums over this amount

In this case 'prescription' is the maximum delay for the administration to claim for the payment.(like : prescription d'un délit - more generally)

"C'est la raison pour laquelle le fisc multiplie ses relances en fin d'année. L'objectif ? Interrompre la prescription et donner un délai supplémentaire au contrôleur pour qu'il passe au peigne fin le dossier concerné. Notification de redressement, demande de justification, ESFP... la palette est large."
http://fr.biz.yahoo.com/impots/dossier/lavf2.html

"Limitations period for taxpayers failing to file tax returns

I. PURPOSE

This Technical Information Release (TIR) consolidates the guidance previously provided in TIRs 96-2 and 00-13 on the limitations period for non-filing taxpayers into a single public written statement. It also clarifies the scope of the policy articulated in TIR 00-13 by stating that the Department’s three-year limitation period for assessments is only available to nonresident individuals
"
http://www.dor.state.ma.us/rul_reg/tir/TIR_01_8.htm"
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4 KudoZ points awarded for this answer. Comment: "Yes, this makes a lot of sense to me now. Thank you very much for your reply, and thanks too to everyone else who made suggestions."
16 mins

Regulation in tax matters

if the second word is a typo for 'prescription.'
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18 mins

Company tax requirements are cut off at this amount.

This is an idiomatic translation, ie plain english rather than being too technical.
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31 mins

The statute of limitation on corporate income tax has

only applies to this limit.

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Note added at 2002-07-12 20:31:23 (GMT)
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sorry: remove has

applies only up to this amount or limit.
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7 hrs

The prescription of company income tax is limited up to ...

Send me the text I will correct it for you.
Christian
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10 hrs

The statutory limitation on corporate income tax does not apply to amounts exeeding...

lit.transl: is interrupted at the level of this amount...
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