Steuerabgeltung

English translation: Settlement of tax (may be by deduction (withholding))

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Steuerabgeltung
English translation:Settlement of tax (may be by deduction (withholding))
Entered by: Laszlo Szabo

09:27 May 5, 2005
German to English translations [PRO]
Bus/Financial - Law: Taxation & Customs / Steuern
German term or phrase: Steuerabgeltung
D BETRIEB INLAND - KESt-Frei stellung gem. § 94 Z 5 EStG 1988 für Betriebe, die vom Anwendungsbereich des § 7 Abs. 3 KStG 1988 erfasst werden (Insbesonders AG, GmbH, Genossenschaften, wirtschaftliche Geschäftsbetriebe ("Hilfsbetriebe") von Vereinen, Gemeinden, Kammern, Pfarren, Kirchen, Stiftungen, Anstalten sowie bestimmte Körperschaften öffentlichen Rechts). Die KESt-Freistellung gem. § 94 Z 5 EStG 1988 für Kapitalerträge die zu den Betriebseinnahmen natürlicher Personen (Einzelunternehmen, ARGE's (GesBR), Personenhandelsgesellschaften (insbesonders OHG, KG, GesmbH & Co. KG), eingetragene Erwerbsgesellschaften (insbesondere OEG, KEG, GesmbH & Co. KEG) gehören, ist nicht zulässig, es besteht KESt-Pflicht und **Steuerabgeltung**.
Monika Leit
Local time: 08:46
payment of tax by deduction
Explanation:
Abgelten means to fulfil a payment obligation. In case of KeSt (dividend and interest tax) it is deducted by the payer of interest/dividend and thus it is deemed paid.

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Note added at 8 hrs 49 mins (2005-05-05 18:17:30 GMT) Post-grading
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I got now hold of a dictionary: instead of payment, settlement is better (and then you don\'t necessary need deduction or withholding).
Selected response from:

Laszlo Szabo
Local time: 08:46
Grading comment
Thank you but I am not really convinced.
2 KudoZ points were awarded for this answer



Summary of answers provided
4compensation
D.K. Tannwitz
3 +1payment of tax by deduction
Laszlo Szabo


Discussion entries: 2





  

Answers


48 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
compensation


Explanation:
compensation of taxes

or compensation in lieu

D.K. Tannwitz
Germany
Local time: 08:46
Native speaker of: German
Login to enter a peer comment (or grade)

1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
payment of tax by deduction


Explanation:
Abgelten means to fulfil a payment obligation. In case of KeSt (dividend and interest tax) it is deducted by the payer of interest/dividend and thus it is deemed paid.

--------------------------------------------------
Note added at 8 hrs 49 mins (2005-05-05 18:17:30 GMT) Post-grading
--------------------------------------------------

I got now hold of a dictionary: instead of payment, settlement is better (and then you don\'t necessary need deduction or withholding).


    Reference: http://www.steuerberater.at/gesetze/estg/97/
Laszlo Szabo
Local time: 08:46
Works in field
Native speaker of: Native in HungarianHungarian
PRO pts in category: 6
Grading comment
Thank you but I am not really convinced.

Peer comments on this answer (and responses from the answerer)
agree  silfilla: yes, *by withholding* in the US
6 hrs
  -> Thank you
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