Glossary entry

Italian term or phrase:

valenza fiscale

English translation:

to use ... for tax purposes

Added to glossary by James (Jim) Davis
Mar 7, 2010 19:10
14 yrs ago
4 viewers *
Italian term

valenza fiscale

Italian to English Bus/Financial Finance (general) accounts
...avendo la Società optato per dare valenza fiscale alla rivalutazione...
Change log

Mar 12, 2010 08:48: James (Jim) Davis Created KOG entry

Proposed translations

+1
12 hrs
Selected

to use ... for tax purposes

...to use the revaluation for tax purposes...

this is probably a property or long term fixed asset which can be deducted from taxable income in some way (perhaps just the depreciation on the building - not the land - if it is a property) and they are going to deduct it with the increase in value from the revaluation included in the deduction.
Peer comment(s):

agree John Walsh
2 hrs
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4 KudoZ points awarded for this answer.
+1
1 hr

fiscal/revenue significance

Presuming that it means that the company has decided that the (financial) increase due to revaluation assumes fiscal relevance. (= in terms of taxation).
Since there is limited context, my c.l. is med.
Peer comment(s):

agree Lirka : with 'fiscal'
1 hr
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