Glossary entry (derived from question below)
Spanish term or phrase:
Crédito fiscal no activado
English translation:
Unused tax relief
Added to glossary by
Adrian MM.
Oct 28, 2020 09:38
3 yrs ago
39 viewers *
Spanish term
Spain
Fast, accurate business & law specialist
Native in: English 
Works in: Spanish to English
Crédito fiscal no activado
Spanish to English
Bus/Financial
Accounting
Heading on a company audit
Las bases imponibles negativas son las siguientes:
Año de origen
Base imponible
*Crédito fiscal no activado*
The only thing I can think of is something like "Tax credit not recognised as an asset"
Las bases imponibles negativas son las siguientes:
Año de origen
Base imponible
*Crédito fiscal no activado*
The only thing I can think of is something like "Tax credit not recognised as an asset"
Proposed translations
(English)
| 4 +3 | Unused tax relief / e.g. carried across, back or forward/ |
Adrian MM.
|
| 4 | unused tax credit |
Francois Boye
|
References
| Refs. |
Taña Dalglish
|
Change log
Nov 2, 2020 09:16: Adrian MM. Created KOG entry
Proposed translations
+3
32 mins
Adrian MM.
Austria
Austria
Native in English
Specializes in field
Austria
Retd.T&I, Barrister & Austro-Advokat
Native in: English (Variants: British, Scottish) 
Works in: Spanish to English, English to Spanish, French to English, and 5 more.
Related KudoZ points
:
75
Selected
Unused tax relief / e.g. carried across, back or forward/
I very much doubt a US-type: tax credit can be 'non-capitalized'. There may be a mix-up with a 'capital writing-down allowance'.
The company can 'elect' to use the tax relief in the present accounting ref. period or in another one.
ProZ-listed accountants who may have qualified long ago, if they remember their accounting and auditing studies and / or practic/se - not necessarily a foregone conclusion these days, may care to confirm or otherwise.
The previous ProZ question clearly went off on this tack: "La empresa tiene activado el crédito fiscal sobre las perdidas de años anteriores" > the company has applied the tax BrE: relief to > by setting against losses from previous years
The company can 'elect' to use the tax relief in the present accounting ref. period or in another one.
ProZ-listed accountants who may have qualified long ago, if they remember their accounting and auditing studies and / or practic/se - not necessarily a foregone conclusion these days, may care to confirm or otherwise.
The previous ProZ question clearly went off on this tack: "La empresa tiene activado el crédito fiscal sobre las perdidas de años anteriores" > the company has applied the tax BrE: relief to > by setting against losses from previous years
Example sentence:
"La empresa tiene activado el crédito fiscal sobre las perdidas de años anteriores"
4 KudoZ points awarded for this answer.
Comment: "Two fantastic answers, many thanks everyone"
5 hrs
Francois Boye
United States
United States
United States
An economic geek with social skills
Native in: French
Works in: English to French, French to English, Spanish to English, and 1 more.
Related KudoZ points
:
129
unused tax credit
Unused tax credits Unused tax credits in a pay week or month are carried forward to later pay period (s) in the same tax year.
https://www.law.cornell.edu/uscode/text/26/39
https://www.law.cornell.edu/uscode/text/26/39
Reference comments
36 mins
Taña Dalglish
Jamaica
Jamaica
Native in English
Jamaica
Translating the Ideas Behind the Words
Native in: English (Variant: British)
Works in: Spanish to English, English to Spanish, French to English, and 2 more.
Related KudoZ points
:
88
Reference:
Refs.
https://www.unionfenosagas.com/CarpetaCompartida/comunicacio... (page 52)
22.4. Conciliación del tipo impositivo español y el tipo efectivo consolidado
La conciliación entre el gasto por el impuesto sobre beneficios resultante de aplicar el tipo impositivo general vigente
en España y el gasto registrado por el citado impuesto es la siguiente:
Diferencias permanentes netas consolidadas (efecto impositivo) 2018 2017
- Créditos fiscales no activados 77 96
Page 182 (English)
22.4. Reconciliation of the Spanish tax rate and the effective consolidated rate
Reconciliation of corporate income tax resulting from applying the current general tax rate in force in Spain and the
tax expense recognised is as follows:
- Uncapitalised tax credit
Page 75
Differences between the carrying value of assets and liabilities and their tax base, as well as any tax-loss carry forwards
yet to be offset and ** tax credits that have not yet been applied**, generate the deferred tax asset or liability balances that
are calculated using the tax rate that is expected to be applied or settled.
https://www.bmerf.es/docs/docsSubidos/MARF/DIPagarésMARF/Aed...
Page 101 2017 2016
c) Conciliación entre el resultado contable y el gasto por impuesto sobre sociedades
Base imponible fiscal previa (18.065.665) (52.445)
- Créditos fiscales no activados aplicados
- Créditos fiscales generados en el ejercicio no activados
https://nanopdf.com/download/informe-anual-2013-annual-repor... (Fenosa Gas Group uses "uncapitalised tax credits")
Short Description
Download Informe anual 2013 Annual report 2013...
Description
Informe anual 2013 Annual report 2013 Grupo Unión Fenosa Gas Unión Fenosa Gas Group
23.4
La conciliación entre el gasto por el impuesto sobre beneficios resultante de aplicar el tipo impositivo general vigente en España y el gasto registrado por el citado impuesto es la siguiente:
Diferencias permanentes netas consolidadas (efecto impositivo)
- Créditos fiscales no activados - 342
- Provisiones de cartera - -
Net Consolidated permanent differences (tax effect)
***- Uncapitalised tax credits - 342 ***
- Portfolio provisions - -
- Dividends from associates (not exempt) 2,493 1,162
- Other adjustments (3,850) (5,215)
Perhaps "non-activated tax credits" / "uncapitalis(z) tax credits" (used by Fenosa Gas Group)?
22.4. Conciliación del tipo impositivo español y el tipo efectivo consolidado
La conciliación entre el gasto por el impuesto sobre beneficios resultante de aplicar el tipo impositivo general vigente
en España y el gasto registrado por el citado impuesto es la siguiente:
Diferencias permanentes netas consolidadas (efecto impositivo) 2018 2017
- Créditos fiscales no activados 77 96
Page 182 (English)
22.4. Reconciliation of the Spanish tax rate and the effective consolidated rate
Reconciliation of corporate income tax resulting from applying the current general tax rate in force in Spain and the
tax expense recognised is as follows:
- Uncapitalised tax credit
Page 75
Differences between the carrying value of assets and liabilities and their tax base, as well as any tax-loss carry forwards
yet to be offset and ** tax credits that have not yet been applied**, generate the deferred tax asset or liability balances that
are calculated using the tax rate that is expected to be applied or settled.
https://www.bmerf.es/docs/docsSubidos/MARF/DIPagarésMARF/Aed...
Page 101 2017 2016
c) Conciliación entre el resultado contable y el gasto por impuesto sobre sociedades
Base imponible fiscal previa (18.065.665) (52.445)
- Créditos fiscales no activados aplicados
- Créditos fiscales generados en el ejercicio no activados
https://nanopdf.com/download/informe-anual-2013-annual-repor... (Fenosa Gas Group uses "uncapitalised tax credits")
Short Description
Download Informe anual 2013 Annual report 2013...
Description
Informe anual 2013 Annual report 2013 Grupo Unión Fenosa Gas Unión Fenosa Gas Group
23.4
La conciliación entre el gasto por el impuesto sobre beneficios resultante de aplicar el tipo impositivo general vigente en España y el gasto registrado por el citado impuesto es la siguiente:
Diferencias permanentes netas consolidadas (efecto impositivo)
- Créditos fiscales no activados - 342
- Provisiones de cartera - -
Net Consolidated permanent differences (tax effect)
***- Uncapitalised tax credits - 342 ***
- Portfolio provisions - -
- Dividends from associates (not exempt) 2,493 1,162
- Other adjustments (3,850) (5,215)
Perhaps "non-activated tax credits" / "uncapitalis(z) tax credits" (used by Fenosa Gas Group)?
Peer comments on this reference comment:
| agree |
Luis M. Sosa
3 hrs
|
|
Thanks Luis.
|
|
| agree |
EirTranslations
7 hrs
|
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