Glossary entry

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!
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.
Peer comment(s):

agree Kitty Brussaard : Given the refs provided, I'd say this is the most helpful answer and indeed, hyphenate as: premium-fraction method :-).
10 hrs
Thanks, Kitty.
agree Michael Beijer : Indeed!
12 hrs
agree Tina Vonhof (X)
17 hrs
Something went wrong...
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)
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
Something went wrong...
-1
19 hrs

fractional premium method

a calculation method that involves a fractional premium
Peer comment(s):

disagree Lianne van de Ven : It's not about a fractional premium. It's about fractional profit.
18 hrs
Something went wrong...
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