Glossary entry (derived from question below)
Dutch term or phrase:
premiebreukmethode
English translation:
premium-fraction method
Added to glossary by
Lianne van de Ven
Oct 2, 2019 21:39
4 yrs ago
Dutch term
premiebreukmethode
Dutch to English
Bus/Financial
Insurance
tax
This comes from a Curacao tax form.
Context: "Verzoekt de belastingplichtige de winst te berekenen op basis van de premiebreukmethode in de zin van artikel 8, lid 1 en 2 LWB?"
LWB is the National Profit Tax Ordinance.
I found an "explanation" (see below) but still need help.
De in dit artikel geregelde mogelijkheid [to determine profit based on a fixed amount] bestaat niet slechts ten aanzien van hier gevestigde verzekeringsmaatschappijen, doch zij geldt ook voor de vaste inrichtingen van buitenlandse maatschappijen di,e hier te lande verzekeringscontracten afsluiten, met dien verstande dat de buitenlandse verzekeringsmaatschappij er ook voor kan kiezen de met de vaste inrichting behaalde winst naar evenredigheid van de ontvangen premies en kapitaal uit de totale winst van de verzekeringsmaatschappij af te leiden. Dit laatste, de zogenaamde premiebreuk methode [...]
Help much appreciated!
Context: "Verzoekt de belastingplichtige de winst te berekenen op basis van de premiebreukmethode in de zin van artikel 8, lid 1 en 2 LWB?"
LWB is the National Profit Tax Ordinance.
I found an "explanation" (see below) but still need help.
De in dit artikel geregelde mogelijkheid [to determine profit based on a fixed amount] bestaat niet slechts ten aanzien van hier gevestigde verzekeringsmaatschappijen, doch zij geldt ook voor de vaste inrichtingen van buitenlandse maatschappijen di,e hier te lande verzekeringscontracten afsluiten, met dien verstande dat de buitenlandse verzekeringsmaatschappij er ook voor kan kiezen de met de vaste inrichting behaalde winst naar evenredigheid van de ontvangen premies en kapitaal uit de totale winst van de verzekeringsmaatschappij af te leiden. Dit laatste, de zogenaamde premiebreuk methode [...]
Help much appreciated!
Proposed translations
(English)
3 +3 | premium fraction method | Lianne van de Ven |
4 +3 | premium-fraction method | Michael Beijer |
4 -1 | fractional premium method | Cillie Swart |
Change log
Oct 16, 2019 05:09: Lianne van de Ven Created KOG entry
Proposed translations
+3
23 mins
Selected
premium fraction method
This is a literal translation, but that's what it appears to be called.
https://www.belastingdienst-cn.nl/bcn/images/stories/downloa...
Search in the pdf below for 'premiebreukmethode'. The explanation might be easier to understand.
https://www.fsdc.nl/wp-content/uploads/2019/01/ibr-2019.pdf
The root word is 'fraction method' for breukmethode i.e. based on fraction or ratio. Profits between two entities are calculated for tax purposes based on the ratio of premiums received for each.
https://www.belastingdienst-cn.nl/bcn/images/stories/downloa...
Search in the pdf below for 'premiebreukmethode'. The explanation might be easier to understand.
https://www.fsdc.nl/wp-content/uploads/2019/01/ibr-2019.pdf
The root word is 'fraction method' for breukmethode i.e. based on fraction or ratio. Profits between two entities are calculated for tax purposes based on the ratio of premiums received for each.
4 KudoZ points awarded for this answer.
Comment: "Selected automatically based on peer agreement."
+3
4 mins
premium-fraction method
FELOnline:
premiebreukmethode [fiscaal] =
premium-fraction method
(just copy/pasting from FELOnline)
premiebreukmethode [fiscaal] =
premium-fraction method
(just copy/pasting from FELOnline)
Note from asker:
I use JurLex but it seems it would be a good idea to add FELOnline. I'll select this answer and award points once enough time has passed. Thanks so much! |
Peer comment(s):
agree |
Lianne van de Ven
: With hyphen, yes.
21 mins
|
Thanks!
|
|
agree |
philgoddard
10 hrs
|
Thanks!
|
|
agree |
Barend van Zadelhoff
17 hrs
|
-1
19 hrs
fractional premium method
a calculation method that involves a fractional premium
Reference:
https://translate.google.co.za/#view=home&op=translate&sl=nl&tl=en&text=premiebreukmethode
Peer comment(s):
disagree |
Lianne van de Ven
: It's not about a fractional premium. It's about fractional profit.
18 hrs
|
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