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  2. German to English
  3. Law: Taxation & Customs

geldwerter Vorteil

English translation: non-cash benefit

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:geldwerter Vorteil
English translation: non-cash benefit
Entered by: Natalie Wilcock (X)

06:40 Sep 13, 2005
German to English translations [PRO]
Law/Patents - Law: Taxation & Customs / Gratuities
German term or phrase: geldwerter Vorteil
Hi there, having problems rendering "geldwerter Vorteil" in this context. The text has to do with a person or company receiving gifts during business meetings/events etc. and then having to pay tax on such gifts.

Bei den Empfängern der Geschenke ist der geldwerte Vorteil
wegen der betrieblichen Veranlassung als Betriebseinnahme zu versteuern.
Natalie Wilcock (X)
Local time: 16:22
benefit in kind / non-cash benefit
Explanation:
See previous KudoZ http://www.proz.com/kudoz/1089358 and http://www.proz.com/kudoz/17690
Selected response from:

Steffen Walter
Germany
Local time: 16:22
Grading comment
THanks Steffen. Regards, Natalie
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +7benefit in kind / non-cash benefit
Steffen Walter
4 +1benefit in money's worth
kostan


  

Answers


7 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +7
benefit in kind / non-cash benefit


Explanation:
See previous KudoZ http://www.proz.com/kudoz/1089358 and http://www.proz.com/kudoz/17690

Steffen Walter
Germany
Local time: 16:22
Native speaker of: Native in GermanGerman
PRO pts in category: 93
Grading comment
THanks Steffen. Regards, Natalie

Peer comments on this answer (and responses from the answerer)
agree  Ulrike Kraemer
1 hr
agree  Frosty
2 hrs
agree  nvclarke (X)
4 hrs
agree  gangels (X): non-cash value (of the gift). 'In kind' is a mode of payment other thaband not used in connection with gift-giving
7 hrs
agree  Ted Wozniak
7 hrs
agree  dorisinlondon
10 hrs
agree  Mario Marcolin
1 day 1 hr
Login to enter a peer comment (or grade)

10 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
benefit in money's worth


Explanation:
ex LEO: benefit in money's worth [jur.] geldwerter Vorteil
non-cash benefit [finan.] geldwerter Vorteil


kostan
Austria
Local time: 16:22
Works in field
Native speaker of: Native in GermanGerman, Native in EnglishEnglish
PRO pts in category: 20

Peer comments on this answer (and responses from the answerer)
agree  Adrian MM. (X): money or money's worth. The KudoZ entries for this are translating Sachleistung.
14 hrs
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