Glossary entry

Dutch term or phrase:

forfaitare vrijstellingen

English translation:

fixed exemption

Added to glossary by Chris Hopley
Sep 6, 2002 07:53
21 yrs ago
2 viewers *
Dutch term

forfaitare vrijstellingen

Dutch to English Bus/Financial
Tenzij de instantie onder een van de vrijstellingen of forfaitaire vrijstellingen valt

Proposed translations

-1
7 mins
Selected

forfeiture exemption

NMAA SUPPORTED LEGISLATION
... Forfeiture Exemption (Vigil/Cisneros). Irrigation districts and conservancy districts
have certain protections of their water rights that should apply to ...
www.nmacequias.org/Fact Sheet Web.htm - 8k - Cached - Similar pages

2000 Annual Report (p.2)
... bylaws; · Some changes in statutes could strengthen acequia water management functions
including improved notice of water transfers, forfeiture exemption for ...
www.nmacequias.org/page6.html - 11k - Cached - Similar pages

77239 -- Kansas Highway Patrol v. 1985 Chevrolet Astro Van -- ...
... This statement indicated the court was considering whether the claimant had established
a forfeiture exemption and not that the State had failed to meet its ...
www.kscourts.org/kscases/ctapp/1998/19980213/77239.htm


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Note added at 2002-09-06 13:31:19 (GMT) Post-grading
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I think \"standard exemptions\" may be a more suitable alternative. On refelection, my first contribution could have been better.
Peer comment(s):

neutral jarry (X) : I have never come across this particular term for "forfaitair". Given the meaning of forfeit I don't think it is correct.
9 mins
I wasn't entirely happy with it either.
disagree Henk Peelen : forfeiture means verbeurdverklaard (seized, confiscated, imponded and so on)
23 mins
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4 KudoZ points awarded for this answer.
+1
7 mins

fixed exemption

misschien makkelijker als je vertelt waar de tekst overgaat?
Peer comment(s):

agree Henk Peelen
24 mins
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+1
12 mins

Fixed / lump sum exemptions

There are several ways of translating "forfaitair", depending on the context. Other possibilities include 'flat rate', and 'standard'. In the given context this seems the more appropriate solution.
Peer comment(s):

disagree Henk Peelen : I think it is about taxes
18 mins
If you only think so why disagree with my suggestion?
agree Lucy Spring : This is what I'd go for in the context.
20 mins
agree MafaldaDec
2 hrs
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+1
14 mins

fixed (tax) exemptions

of:
fixed releases
fixed dispensations
fixed tax allowances


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Note added at 2002-09-06 13:44:21 (GMT) Post-grading
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jarry is right: fixed / lump sum exemptions doesn\'t exclude tax issues
Peer comment(s):

agree brownell
4 hrs
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37 mins

fixed allowance

In the tax sphere, forfaitair means that the (tax) allowance is a fixed amount and isn't calculated according to a percentage or other sliding scale method. E.g. if you buy a house, you might be eligible for a homebuyer's allowance of, say, $1,000 to cover purchase expenses (survey, solicitor's fees, etc.). The actual costs you incur (whether higher or lower than the allowance) are irrelevant: you can only deduct the allowance.

-> "Veelgestelde vraag
De kosten die ik maak om naar mijn werk te reizen zijn veel hoger dan het forfaitaire bedrag. Wat mag ik aftrekken?

U mag in principe alleen het forfaitaire bedrag aftrekken. Het forfaitaire bedrag is een vast aftrekbaar bedrag. Dat wil zeggen dat de werkelijke kosten er niet toe doen."
http://www.belastingdienst.nl/9222000/q/vraag21.htm
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2 hrs

deductions or exemptions

From:
http://ths.gardenweb.com/forums/load/finance/msg040043332765...

"Deduction vs. Excemptions vs. Tax Credits

A deduction is something that you subtract from your income for the purpose of figuring your tax liability. For example, mortgage interest or charitable contributions.

An exemption is a fixed deduction given by the government for a certain purpose, such as your personal $2,900 exemption, or an exemption for each dependent. Sometimes deduction and exemption might be used interchangeably.

A tax credit is a horse of a different color. It's a subtraction that is made directly from taxes due..."


Peer comment(s):

neutral Chris Hopley : Agree with the last comment: a tax credit is an exemption given for tax already paid (in another jurisdiction, for example).
24 mins
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20 hrs

eligible deduction

if it is about a deductable amount (from one's taxable income), than the technical term as I know it is 'eligible deduction' or 'eligible allowance'
Cheers
Louis
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1 day 3 hrs

I have edited the gloss

I have edited the gloss as 'forfeiture exemption' is clearly not the correct translation of 'forfaitare vrijstellingen'.

Thanks to strange twists of etymology, the current meaning of the Dutch word 'forfait' has nothing to do with the English word 'forfeit'. Forfait means "vast bedrag dat bij het inkomen moet worden opgeteld ... of daarvan mag worden afgetrokken" (Wolters), whereas forfeit means 'a penalty, a fine, something surrendered as a penalty, property or a right or privilege lost as a legal penalty' (Concise Oxford).

-> "forfait (o.; -s) vaste aftrek of bijtelling, bijvoorbeeld het huurwaardeforfait, waarbij eigen-huisbezitters een bedrag bij hun belastbaar inkomen moeten optellen."
NRC Handelsblad
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