Glossary entry

Spanish term or phrase:

anticipos cancelados con cómputo de bonos o certificados fiscales

English translation:

advances paid deducting tax deductions or credits

Added to glossary by Karen Dinicola
Jan 31, 2018 15:07
6 yrs ago
29 viewers *
Spanish term

anticipos cancelados con cómputo de bonos o certificados fiscales

Spanish to English Other Law: Taxation & Customs
On a tax form from Argentina -- not really sure about this one. Maybe, prepayment through the redemption of bonds or tax certificates? Thanks for any suggestions!

Proposed translations

7 mins
Selected

advances paid deducting tax deductions or credits

This is referring to the advance tax payments made that have considered the subtraction of tax deductions or tax credits.
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4 KudoZ points awarded for this answer. Comment: "Yes, thank you! This captures the essence and is short enough to fit. Maybe "tax exemptions" instead of "tax deductions" just to avoid word echo, but this is great. Very helpful."
+2
1 hr

advances paid with bonds or tax certificates

Without more context, this would be my suggestion: advances paid with bonds or tax certificates

anticipos cancelados = advances paid
con cómputo = with
bonos = bonds
certificado fiscal = tax certificate
Note from asker:
Thanks, Daniel. This is close to my original thinking, but I have concerns that "bond" and "tax certificate" have alternate meanings (i.e. debt instruments and land sale certificate).
Peer comment(s):

agree patinba
4 mins
Gracias, Patinba.
agree David Hollywood : would work for me too... although "anticipos" in Argentina means "advance tax contributions/payments" and I pay a lot of them unfortunately... but when you submit your DDJJ they are taken into account
10 hrs
Thank you, David.
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1 day 3 hrs

Estimated/provisional tax payments offset against tax credits or tax exemption certificates

As far as I know, "anticipos" are usually called estimated or provisional payments of taxes:

If you don’t pay enough tax through withholding and estimated tax payments, you may be charged a penalty. You also may be charged a penalty if your estimated tax payments are late, even if you are due a refund when you file your tax return.
https://www.irs.gov/businesses/small-businesses-self-employe...

Income tax and provisional tax
If you own a business or are self-employed, you’ll pay tax in one lump sum or several instalments. This way of paying income tax is called provisional tax. For contractors, tax can also be deducted from your pay.

https://www.business.govt.nz/tax-and-accounting/basic-tax-ty...

I agree with Ryan's idea that "bonos" refers to tax credits:

En el marco del Régimen de Desarrollo y Fortalecimiento del Autopartismo Argentino, la AFIP instrumenta la emisión de los bonos electrónicos de crédito fiscal
https://aldiaargentina.microjuris.com/2017/10/27/en-el-marco...

But I feel that "certificados fiscales" refers to tax exemptions:

De esta forma, los beneficiarios podrán obtener el Certificado Fiscal (por ende, las exenciones fiscales) en caso de que acrediten fehacientemente un 60 % de integración de componente nacional en las instalaciones electromecánicas o un porcentaje menor, hasta 30 %, siempre que se atestigüe la inexistencia de producción nacional de los componentes necesarios.
http://redcame.org.ar/contenidos/circular/Energias-Renovable...
Note from asker:
Thanks, Robert! Unfortunately, I needed something to fit in a tiny form box, but I feel this is a valid answer, too, and it really helped me understand the concept. Great sources.
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