Jan 15, 2018 14:23
6 yrs ago
10 viewers *
Portuguese term
Variação Patrimonial a Descoberto (VPD)
Portuguese to English
Bus/Financial
Law: Taxation & Customs
Tax declaration
This is from a Brazilian text concerning an investigation into possible illegal tax activity by the directors of a certain company. If I understand correctly, Variação Patrimonial a Descoberto (VPD) is a specific term used to refer to discrepancies between the income/wealth declared by the individual in question and the real values at stake. I'm wondering what would be the best way of translating this specific term into English, and if we have an equivalent.
The paragraph in question (with specific details taken out for confidentiality purposes) reads:
"A RFB, através da Nota XX prestou informações no sentido de que referido contribuinte informa na DIRPF referente ao ano-calendário 2012 um total de bens e direitos no valor de R$ XXX, em 31/12/2011, e de R$ XXX, em 31/12/2012, com indícios de variação patrimonial a descoberto de R$ XXX."
Any help much appreciated - TIA!
The paragraph in question (with specific details taken out for confidentiality purposes) reads:
"A RFB, através da Nota XX prestou informações no sentido de que referido contribuinte informa na DIRPF referente ao ano-calendário 2012 um total de bens e direitos no valor de R$ XXX, em 31/12/2011, e de R$ XXX, em 31/12/2012, com indícios de variação patrimonial a descoberto de R$ XXX."
Any help much appreciated - TIA!
Proposed translations
(English)
4 | undeclared equity increase/interest | Mario Freitas |
4 +3 | Net Worth Discrepancy | Gilmar Fernandes |
Proposed translations
4 hrs
Selected
undeclared equity increase/interest
The VPD is an increase in wealth or equity not declared by the taxpayer.
https://www.google.com.br/search?ei=5vFcWvjvG4b6wgTG_5Ew&q="...
https://www.google.com.br/search?ei=5vFcWvjvG4b6wgTG_5Ew&q="...
4 KudoZ points awarded for this answer.
+3
1 hr
Net Worth Discrepancy
http://www.beckerlawyers.ca/tax-debtors/
See the chart in the article.
Taxation Year Total taxable income reported Unaccounted for personal expenditures Unreported income Net worth discrepancy
See the chart in the article.
Taxation Year Total taxable income reported Unaccounted for personal expenditures Unreported income Net worth discrepancy
Peer comment(s):
agree |
Charles R. Castleberry
: http://www.portaltributario.com.br/guia/acrescimo_patr_desco... kindred concepts
18 mins
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Thanks Chuck :)
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agree |
Oliver Simões
: An example of net worth discrepancy. :-)
https://www.salon.com/2015/09/29/donald_trump_just_got_buste...
49 mins
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Thanks Oliver :) Yeah, we know Trump is a master manipulator.
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agree |
Mario Freitas
: Ok, but I'm suggesting the alternative I would use, as the case may be... Yes, absolutely. I just figured a different wording I would use instead. But perfect. Abraços.
2 hrs
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Thanks Mario :) I understand the discrepancy occurs as a result of unreported income (sonegação).
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