Aug 14, 2018 01:41
5 yrs ago
46 viewers *
Spanish term

Impuesto de Renta y Complementarios

Spanish to English Bus/Financial Law: Taxation & Customs Income Tax
No further context. This is a subheading in a financial statement.

Discussion

Erick Forero (asker) Aug 14, 2018:
Thank you Aida,

Unfortunately, we have no more clues for the time being. I am asking the client for their preference among the options we have, as we speak. Cheers!
Stuart and Aida Nelson Aug 14, 2018:
Thank you, Erik, that is why I, Aida, thought of corporation tax. I haven't seen
'income tax' mentioned in financial statements when related to a company. However, the usual term for corporation tax would be 'impuesto de sociedades'. Any further clues?
Erick Forero (asker) Aug 14, 2018:
Hi Stuart & Aida,
In Colombia, Impuesto de Renta applies to both private persons and legal entities, although in this case, the subject is a legal entity, a Company.
Stuart and Aida Nelson Aug 14, 2018:
Financial statement @ Erick Hi Erick, does the 'impuesto de renta' has to do with a company or a private person?
Erick Forero (asker) Aug 14, 2018:
Hi Lorena! Yes, it is.
lorenab23 Aug 14, 2018:
Hi Erick Country of origin? Is this from Colombia by any chance?

Proposed translations

+2
1 hr
Selected

income tax and its supplemental taxes

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'
Peer comment(s):

agree bigedsenior : I would leave out 'its'
4 hrs
agree neilmac : Ditto...
4 hrs
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4 KudoZ points awarded for this answer. Comment: "Selected automatically based on peer agreement."
11 hrs

Corporation tax and supplemental taxes

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/
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Reference comments

2 hrs
Reference:

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".
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