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  3. Law: Taxation & Customs

Input-taxed sales

09:42 Nov 18, 2020
This question was closed without grading. Reason: Other

English to French translations [PRO]
Bus/Financial - Law: Taxation & Customs
English term or phrase: Input-taxed sales
Bonjour, je traduis un guide concernant les aides offertes par le gouvernement australien aux entreprises touchées par le COVID et pour l'une des aides, l'entreprise doit avoir effectué un certain type de ventes, à savoir des "input-taxed sales" mais je ne trouve pas l'équivalent en français.

Voici la phrase en question : "You made input-taxed sales in a previous tax period (since 1 July 2018) and lodged the relevant activity statement on or before 12 March 2020."

Merci pour votre aide !
Elisa Mignemi
France
Local time: 12:10


Summary of answers provided
4 +1ventes avec taxe sur les intrants
Daryo
4 -1ventes taxées en amont
Hugues Marianne


Discussion entries: 5





  

Answers


24 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
ventes taxées en amont


Explanation:
Voir la fiche Australie de la Sogenal : Certaines fournitures ne sont pas taxables. Il s'agit notamment de fournitures « taxées en amont » - https://import-export.societegenerale.fr/fr/fiche-pays/austr...

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Note added at 27 mins (2020-11-18 10:09:52 GMT)
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À noter que la variante "taxe sur les intrants" existe également. Il faudra probablement vérifier le contexte.

Example sentence(s):
  • Dans la plupart des cas, si une livraison de biens ou prestation de services est exonérée de la TVA, on ne peut pas déduire la TVA payée sur les biens et les services acquis afin d'effectuer cette livraison ou prestation (TVA en amont).
  • https://ec.europa.eu/taxation_customs/business/vat/eu-vat-rules-topic/exemptions_fr
Hugues Marianne
France
Local time: 12:10
Meets criteria
Native speaker of: Native in FrenchFrench
Notes to answerer
Asker: Merci pour votre aide !


Peer comments on this answer (and responses from the answerer)
agree  Nathalie Beaudelot (meets criteria)
8 mins
disagree  Daryo (meets criteria): your own ref. says "fournitures taxées en amont " i.e. supplies incorporated in sold goods/services that have been taxed when bought, NOT the whole amount of the sale being taxed, that would ALSO include the seller's contribution to what is sold.
1 hr
disagree  Francois Boye (meets criteria): input taxed sales in Australia = Ventes détaxées avec crédit d'impôt sur les biens et services Click here to delete your comment Click here to edit your comment
6 hrs
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2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
input-taxed sales
ventes avec taxe sur les intrants


Explanation:
A label that describes accurately what's in the tin

- sales ARE NOT taxed
- the tax paid on incorporated inputs is included in the price. (i.e. not refundable for the seller)




Not all goods and services sold by businesses include 10% GST in the price. One type of sale that fits this description is called Input-Taxed.

One of the most common types of Input-Taxed sales are financial supplies such as loans, bank account fees, life insurance, superannuation, shares and bonds.

Residential rent, the money renters pay landlords of residential property, is another example of an Input-Taxed sale.

If your business sells any of those products or services – or anything else regarded as Input-Taxed – you cannot charge GST on those sales.

To see the Australian Tax Office’s list of Input-Taxed supplies, see Table 3 on this page of the ATO website.

Can You Claim GST Credits on Input-Taxed Expenses?
Any expenses you incur in producing your Input-Taxed sales are regarded as Input-Taxed purchases.

For example, if you rent out a residential property, the expenses you incur on that property – such as repairs, insurance and council rates – will be regarded as Input-Taxed purchases.

Unfortunately, even if those expenses include GST, you cannot claim GST credits, because the expenses are Input-Taxed.

This means that you cannot include GST in the rent charged to your tenants, nor can you claim GST credits on the expenses you incurred to operate the same properties.

These same principles apply to all types of Input-Taxed sales and expenses, not just for residential rental properties.

So, if your business sells financial supplies such as loans or life insurance, you will also need to classify any appropriate income and expenditure as Input-Taxed.

What Other Products & Services Don’t Have 10% GST?
Goods and services that are classified as GST-Free or BAS-Excluded also do not have 10% GST.

However, it is important to note that GST-Free, BAS-Excluded and Input taxed are different and as a result, must be treated differently in your accounts and in your Business Activity Statements.

To find out more, check out our articles about what GST-Free and BAS-Excluded mean.



https://www.accounts4u.com.au/what-is-input-taxed/

There is a kind of parallel with some categories used in the VAT system in UK, but it's no good idea to use terms specific to one system when talking of another system

Distinguish Between Zero-Rated VAT, Exempt VAT & Non-Taxable Supplies
by Acuaccounts | Dec 12, 2018 | accounting, latest news | 5 comments

Distinguish Between Zero-Rated VAT, Exempt VAT & Non-Taxable Supplies
All supplies could be classified as exempt, zero-rated or standard rated for VAT purposes. Supplies that are standard-rated or zero-rated are considered to be ‘taxable supplies’ as defined.



The supply of goods and services are generally subject to VAT at the standard rate (20%), unless such supply is specifically zero-rated or exempt in terms of the VAT Act.



A zero-rated supply is a taxable supply on which VAT is levied at the rate of 0%. No output tax will be payable to HM Revenue & Customs in respect of zero-rated supplies. Registered VAT entities making zero-rated supplies are entitled to claim their input tax deductions on goods or services acquired in the course of making such taxable supplies.



An exempt supply (i.e. not a taxable supply) is the supply of goods or services on which no VAT rate is chargeable. Registered VAT entities may not claim an input tax deduction in respect of goods or services acquired in the course of furtherance of making exempt supplies. A person that makes only exempt supplies cannot register for VAT as they are not providing taxable supplies as per the VAT Act.



Where goods and services are purchased for taxable and non-taxable purposes, only a portion of the input tax may be claimed. VAT registered entities making mixed supplies (taxable and exempt supplies), are required to apportion their input deduction to the extent to which the entity has utilised the goods or services in the course and furtherance of making taxable supplies.



Confusion often exists about ‘VAT at a Zero-Rate’, ‘Exempt supply’ and ‘Non-supply’. The main difference between zero rate and exempt supplies is that the suppliers of zero-rated goods and/or services can still reclaim all their input VAT, but the suppliers of exempt goods are either not registered for VAT or if they are, they cannot reclaim their input VAT. Examples of VAT at a Zero rated items and services include:

Petrol leaded or unleaded;
Mahango, mahango meal, maize meal and bread, but not as a prepared meal;
Water and electricity to a residential account;
Selling of residential property;
Fresh milk
Sunflower oil


https://www.acuaccounts.com/distinguish-between-zero-rated-v...


the "exempt supply" in the UK Value Added Tax systems looks like the twin brother of the "Input-taxed sales" in the Australian Goods and Services Tax (GST) system, but I wouldn't use a term specific to the UK VAT system nor any equivalent term in French / Belgian / Luxembourg system of "Taxe sur la valeur ajoutée".

Daryo
United Kingdom
Local time: 11:10
Meets criteria
Works in field
Native speaker of: Native in SerbianSerbian, Native in FrenchFrench
PRO pts in category: 12
Notes to answerer
Asker: Thank you for your help!


Peer comments on this answer (and responses from the answerer)
agree  imv (meets criteria): A French instutional website mentions "biens et services taxés sur les intrants (input taxed supplies)". Source: http://www.assemblee-nationale.fr/12/rap-dian/dian058-2004.a...
2 hrs
  -> Merci!
disagree  Francois Boye (meets criteria): input taxed sales in Australia = Ventes détaxées avec crédit d'impôt sur les biens et services
4 hrs
  -> not in this case: the refs. from Australia clearly state that "tax paid on inputs" IS NOT "refundable" (= NO "crédit d'impôt") + "Ventes détaxées" implies that normally there would be a tax to pay (if you don't export goods) here it's never taxed at all.
agree  marie-pierre ducret (meets criteria)
1 day 16 hrs
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