Glossary entry

Spanish term or phrase:

(impuesto) trasladado

English translation:

(VAT) passed on, shifted, transferred

Added to glossary by neilmac
Aug 24, 2021 09:33
2 yrs ago
36 viewers *
Spanish term

(impuesto) trasladado

Spanish to English Bus/Financial Transport / Transportation / Shipping LATAM / e-Taxes
Mexico.

"¿Qué es el IVA trasladado?
IVA trasladado es aquel que cobramos a nuestros clientes. Es un traslado impositivo a quienes compran aquello que nosotros producimos. Se traslada al facturar y debe aparecer en todo comprobante fiscal de pago, donde se desglosa el precio y el IVA que se paga sobre él."

Proposed translations

+1
4 hrs
Spanish term (edited): (IVA) trasladado
Selected

(VAT) passed on

No need for trivial comments on the non-hyphenation.

Passing-on of VAT ought to come naturally to anyone who has been VAT-regd.

Also, in the UK/ City of London and US law- and accountancy-speak, shifting applies idiomatically to the moving of capital assets or of the tax burden.
Example sentence:

UK: How to account for VAT if you make supplies to your customers, and you pay certain costs that you pass on when you invoice them.

Note from asker:
Cheers. I was calling it "transferred", but the client was using "moved", which doesn't seem right for a tax...
Peer comment(s):

agree Joshua Parker : I've used "tax transferred" before, but yes, this is what it means - it's tax that is passed on to the consumer. Invoices here in Mexico will often say "IVA trasladado" (to distinguish from "IVA retenido"), where in the UK it would probably just be "VAT".
8 hrs
Thanks and gracias, Josh/ua - as in the BBC TV show or stab at a sitcom. Having studied VAT 'in outline only' for UK revenue law exam finals I used to be UK VAT-regd., so a world away from Mexico.
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4 KudoZ points awarded for this answer. Comment: "In the end I'm using "transferred", as that's how I've usually translated it in the context. Thanks to everyone for the help on this one."
40 mins

tax shift


https://www.proz.com/kudoz/spanish-to-english/accounting/319... (the answer not chosen, tax shift, I believe is from Mexico, so this may very well be applicable).

https://en.wikipedia.org/wiki/Tax_shift
Tax shift or Tax swap is a change in taxation that eliminates or reduces one or several taxes and establishes or increases others while keeping the overall revenue the same


https://www.wordmagicsoft.com/dictionary/es-en/impuestos tra...
Translate "impuesto trasladado" to English: shifted tax

https://tr-ex.me/translation/spanish-english/traslado de imp...
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7 hrs

(tax) shifted - VAT shifted, in this case

It is fundamental that the real burden of taxation does not necessarily rest upon the person who is legally responsible for payment of the tax. General sales taxes are paid by business firms, but most of the cost of the tax is actually passed on to those who buy the goods that are being taxed. In other words, the tax is shifted from the business to the consumer. Taxes may be shifted in several directions. Forward shifting takes place if the burden falls entirely on the user, rather than the supplier, of the commodity or service in question—e.g., an excise tax on luxuries that increases their price to the purchaser. Backward shifting occurs when the price of the article taxed remains the same but the cost of the tax is borne by those engaged in producing it—e.g., through lower wages and salaries, lower prices for raw materials, or a lower return on borrowed capital. Finally, a tax may not be shifted at all—e.g., a tax on business profits may reduce the net income of the business owner.
Source: Enciclopaedia Britannica, https://www.britannica.com/topic/taxation/Shifting-and-incid...
Example sentence:

The literature of public finance abounds with discussions of the theory of tax shifting and incidence. Practically all of this discussion is focused on the prediction of the shifting and incidence of various types of taxes under a variety of assumed circu

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-1
16 hrs

Tax built into market prices

A market price is the economic price for which a good or service is offered.


How a Value-Added Tax Works

A VAT is levied on the gross margin at each point in the process of manufacturing, distributing, and selling an item. The tax is assessed and collected at each stage. That is different from a sales tax system, in which the tax is assessed and paid only by the consumer at the very end of the supply chain.1

Say, for example, a candy called Dulce is manufactured and sold in the imaginary country of Alexia. Alexia has a 10% value-added tax.

Here is how the VAT would work:

Dulce's manufacturer buys the raw materials for $2.00, plus a VAT of 20¢—payable to the government of Alexia—for a total price of $2.20.
The manufacturer then sells Dulce to a retailer for $5.00 plus a VAT of 50¢ for a total of $5.50. The manufacturer renders only 30¢ to Alexia, which is the total VAT at this point, minus the prior VAT charged by the raw material supplier. Note that the 30¢ also equals 10% of the manufacturer’s gross margin of $3.00.
Finally, a retailer sells Dulce to consumers for $10 plus a VAT of $1, for a total of $11. The retailer renders 50¢ to Alexia, which is the total VAT at this point ($1), minus the prior 50¢ VAT charged by the manufacturer. The 50¢ also represents 10% of the retailer’s gross margin on Dulce.

Source: Investopedia
Peer comment(s):

disagree Joshua Parker : That's how VAT works but it's certainly not a translation of "impuestos trasladados".
41 mins
My translation expresses in technical terms the preliminary definition: 'IVA trasladado es aquel que cobramos a nuestros clientes.'
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