Glossary entry (derived from question below)
German term or phrase:
Abgeltungssteuer
English translation:
withholding tax
Added to glossary by
Heather Starastin
Jul 15, 2004 08:42
19 yrs ago
19 viewers *
German term
Canada
Abgeltungssteuer
German to English
Bus/Financial
Law: Taxation & Customs
"Europäische Abgeltungssteuer auf Zinseinkünfte", referring to the taxation of interest income from bonds.
Proposed translations
(English)
| 5 | withholding tax |
RobinB
|
| 4 +1 | flat rate tax on interest income |
Christian
|
Change log
May 3, 2015 17:40: Steffen Walter changed "Field (write-in)" from "Optical" to "(none)"
Proposed translations
2 hrs
Selected
withholding tax
and in this particular context: "European withholding tax on savings (income)", also known as "European withholding tax on savings in the form of interest income" (long-winded, isn't it...)
It includes income from what they refer to as "debt claims", which would include the interest income on bonds you mention.
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Note added at 4 hrs 4 mins (2004-07-15 12:47:12 GMT)
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Technically, of course, an Abgeltungsteuer is a \"definitive\" withholding tax, meaning that payment of that tax settles all claims against the taxpayer on that particular source of income. Other withholding taxes are credited against e.g. income tax, corporate income tax or CGT and merely reduce the ultimate tax burden. The question of whether the tax on savings is definitive or not is a matter for the individual member states.
It includes income from what they refer to as "debt claims", which would include the interest income on bonds you mention.
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Note added at 4 hrs 4 mins (2004-07-15 12:47:12 GMT)
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Technically, of course, an Abgeltungsteuer is a \"definitive\" withholding tax, meaning that payment of that tax settles all claims against the taxpayer on that particular source of income. Other withholding taxes are credited against e.g. income tax, corporate income tax or CGT and merely reduce the ultimate tax burden. The question of whether the tax on savings is definitive or not is a matter for the individual member states.
4 KudoZ points awarded for this answer.
Comment: "Thanks! :-)"
+1
16 mins
flat rate tax on interest income
"flat rate tax on interest income (Abgeltungssteuer)"
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Note added at 17 mins (2004-07-15 09:00:15 GMT)
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Perhaps \"flat-rate\" instead of \"flat rate\"
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Note added at 17 mins (2004-07-15 09:00:15 GMT)
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Perhaps \"flat-rate\" instead of \"flat rate\"
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