Recuperabilidad de las Bases imponibles activadas
English translation: recoverability of the tax credits associated with net operating loss carryforwards
| 12:13 Jul 1, 2022 |
| Spanish to English translations [PRO] Bus/Financial - Accounting | |||||||
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|  Selected response from: Francois Boye United States Local time: 06:36 | ||||||
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22 hrs confidence: 
Recoupability of capitalis/zed Tax Base carry-over, carry-across or carry-back reliefs Explanation: The question omits the words 'del' monto and 'negativas' from the passage quoted, nor - despite the reference to 'para futuros ejercicios and as ProZ accountants ought to know - are the 'Tax Bases' tied down to the future of carry-(-)forward, so carry-across releifs in the same tax year or carry-backs to previous years. To touch 'all unknown bases', it might also be an idea to re-incoporate the misnomer of Base imponible vs. pérdida fiscal https://tureng.com/en/spanish-english/pérdida fiscal Example sentence(s):
Reference: http://taxfoundation.org/net-operating-loss-tax-provisions-e... |
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1 day 19 hrs confidence:
recoverability of capitalis(z)ed tax loss carryforwards Explanation: I think it means: "recoverability of capitalis(z)ed tax loss carryforwards" Income taxes - TX Group Geschäftsbericht 2021https://reports.tx.group/en/2021/report/tx-group-annual-repo... Whether or not the capitalised tax loss carryforwards can be realised depends on the taxable profits generated in the future. https://onlinereport.repower.com/13/ar/en/financial_report/c... Value adjustment of previously capitalised tax loss carryforwards, 3,312, 1,750. Tax burden/relief subsequently recognised for previous years, -312, 848. The reconciliation between the actual tax burden and the expected tax charge for the years ending 31 December 2013 and 31 December 2012 is as follows: Reconciliation Profit/(loss) before income taxes -159,605 51,578 Income tax rate parent company 16,7% 16,7% Income taxes at expected income tax rate -26,622 8,603 Tax effect from income taxed at other rates -10,367 5,033 Tax effect from tax-free income -1,815 -3,731 Tax effect from non-tax-deductible expenses 1,797 3,589 Tax losses in the current year for which no deferred tax assets were recognised 10,621 1,142 Tax loss carryforwards for which no deferred tax assets were recognised -229 -480 Value adjustment of previously **capitalised tax loss carryforwards** -------------------------------------------------- Note added at 15 mins (2022-07-01 12:28:54 GMT) -------------------------------------------------- Recoverability of capitalized tax loss carryforwards The company activates the amount of tax loss carryforwards based on future recovery expectations, under a prudent recovery period estimated at no more than 10 years ... |
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9 hrs confidence: peer agreement (net): +1
peer agreement (net): +1recoverability of the tax credits associated with net operating loss carryforwards Explanation: Asker's text does not clarify the concept of 'activación', from which derives the adjective 'activadas' Most documents in the internet relate the said concept to the tax credits underlying loss carryforwards. See below La generación de bases imponibles negativas supone la aparición de créditos fiscales, ya que en el futuro permitirán tener una menor carga fiscal del Impuesto sobre Sociedades, traduciéndose en la disminución del resultado negativo que lucirá en balance al cierre del ejercicio, por lo que es indudable que su registro contable es muy atractivo ya que presenta efectos beneficiosos sobre el patrimonio contable. El tratamiento contable de la situación anterior presenta límites. En este sentido, la NRV 13ª del Impuesto sobre Beneficios, en el apartado 2.3, señala: “De acuerdo con el principio de prudencia solo se reconocerán activos por impuesto diferido en la medida en que resulte probable que la empresa disponga de ganancias fiscales futuras que permitan la aplicación de estos activos. Fuente: https://acef.cef.es/activacion-creditos-fiscales-is-.html -------------------------------------------------- Note added at 11 hrs (2022-07-01 23:20:07 GMT) -------------------------------------------------- https://www.irs.gov/businesses/small-businesses-self-employe... -------------------------------------------------- Note added at 2 days 2 hrs (2022-07-03 14:35:28 GMT) -------------------------------------------------- 'Activadas' means 'Activación de los créditos fiscales de bases imponibles negativas'. This means that it is the tax credits that are activated. Hence the following: Erratum: recoverability of the ACTIVATED tax credits associated with net operating loss carryforwards instead of 'recoverability of the tax credits associated with net operating loss carryforwards' |
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