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English translation: income tax and its supplemental taxes

01:41 Aug 14, 2018
Spanish to English translations [PRO]
Bus/Financial - Law: Taxation & Customs / Income Tax
Spanish term or phrase: Impuesto de Renta y Complementarios
No further context. This is a subheading in a financial statement.
Erick Forero
Colombia
Local time: 02:02
English translation:income tax and its supplemental taxes
Explanation:
https://turbotax.intuit.com/tax-tips/jobs-and-career/what-is...

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Note added at 11 hrs (2018-08-14 12:57:01 GMT)
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Erratum: Remove 'ITS'
Selected response from:

Francois Boye
United States
Local time: 03:02
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2income tax and its supplemental taxes
Francois Boye
4Corporation tax and supplemental taxes
Stuart and Aida Nelson
Summary of reference entries provided
Taña Dalglish

Discussion entries: 6





  

Answers


11 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
Corporation tax and supplemental taxes


Explanation:
These must be taxes paid by a company since it involves 'a financial statement'

What is corporation tax:

http://www.bytestart.co.uk/what-is-corporation-tax.html

"Corporation Tax is based on the profits your business makes, and the rate depends on how much profit is generated."

https://startups.co.uk/corporation-tax-explained/

Stuart and Aida Nelson
United Kingdom
Local time: 08:02
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in SpanishSpanish
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
income tax and its supplemental taxes


Explanation:
https://turbotax.intuit.com/tax-tips/jobs-and-career/what-is...

--------------------------------------------------
Note added at 11 hrs (2018-08-14 12:57:01 GMT)
--------------------------------------------------

Erratum: Remove 'ITS'

Francois Boye
United States
Local time: 03:02
Native speaker of: Native in FrenchFrench
PRO pts in category: 44
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  bigedsenior: I would leave out 'its'
4 hrs

agree  neilmac: Ditto...
4 hrs
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Reference comments


2 hrs
Reference

Reference information:
https://actualicese.com/actualidad/2014/06/13/definiciones-s...
Qué es el impuesto de renta y complementarios?
El impuesto sobre la renta y complementarios es un solo gravamen integrado por los impuestos de renta y los complementarios de ganancias ocasionales y de remesas.
El impuesto sobre la renta grava todos los ingresos que obtenga un contribuyente en el año, que sean susceptibles de producir incremento neto del patrimonio en el momento de su percepción, siempre que no hayan sido expresamente exceptuados, y considerando los costos y gastos en que se incurre para producirlos.

https://www.proz.com/kudoz/spanish_to_english/bus_financial/...
GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase: impuesto complementario
English translation: supplementary tax

....income and supplementary taxes...
Explanation:
The official format used to file the income tax return in Colombia, is called "Income and Supplementary Taxes Report".

Taña Dalglish
Jamaica
Native speaker of: English
PRO pts in category: 82
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