steuerlicher Gewinn

English translation: profit for income tax purposes

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:steuerlicher Gewinn
English translation:profit for income tax purposes
Entered by: Robin Ward

08:01 May 16, 2002
German to English translations [PRO]
Bus/Financial - Law: Taxation & Customs / Taxation
German term or phrase: steuerlicher Gewinn
In the following sentence:
Eine Minderung des steuerlichen Gewinns 2001 erfolgte im Hinblick auf die im Wirtschaftsjahr 2001 handelsrechtlich eingestellten Gewerbesteuerrückstellungen bis einschließlich 2000 nicht, da insoweit bereits eine Berücksichtigung in den jeweiligen Veranlagungszeiträumen erfolgte, bzw. hinsichtlich der Zinsen zur Gewerbesteuer 1999 und 2000 eine Auswertung i.R.d. nächsten Betriebsprüfung erfolgen wird.

Is this "taxable profit", or "taxable income", or something else?
Robin Ward
Germany
Local time: 19:12
profit for income tax purposes
Explanation:
In Germany, companies set up two different sets of financial statements, "Steuerbilanz" (amounts used for income tax purpose) and "Handelsbilanz" (pursuant to the German Commercial Code)

See the following excerpt of Department of Economic and Social Affairs
Statistics Division
Studies in Methods Series F, No.76
Handbook of National Accounting
LINKS BETWEEN
BUSINESS ACCOUNTING
AND
NATIONAL ACCOUNTING:

"One important issue to be noted in the use of business accounts is the difference between business
accounts for tax purposes and those for business analysis or public information. A major difference commonly
cited is in the treatment of depreciation: accounting for tax purposes may apply a depreciation schedule
allowed by tax authorities in order to reduce the immediate payment of income taxes while accounting for
business analysis focuses on the true standing of a company with a different schedule of depreciation which
reflects the nature of the fixed assets. This, however, is not an important issue in national accounts, where the
concept of depreciation (or consumption of fixed capital) is not the same as in business accounts. The SNA
concept of consumption of fixed capital must reflect the cost of fixed capital used up in production, which is
measured at current market price (see chapter VIII). The consumption of fixed capital is commonly calculated
by the perpetual inventory method (PIM) to replace depreciation used in business accounting in order to come
closer to the actual cost of fixed capital used in production. In many developing countries that are unable to
calculate the SNA consumption of fixed capital for lack of time series data on fixed capital formation, business
depreciation is used as a proxy (see chapter VII).
HTH, Grüße, Astrid
Selected response from:

Astrid Cruse
Local time: 19:12
Grading comment
Many thanks for taking the time to provide this excellent explanation!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1taxable profits
Alison Schwitzgebel
4 +1profit for income tax purposes
Astrid Cruse
4 +1A lowering of revenue advantages 2001 ...
brute (X)
4taxable revenue (income)
Klaus Dorn (X)
4taxable gain(s)
jerrie


  

Answers


3 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
taxable revenue (income)


Explanation:
is what I would say

Klaus Dorn (X)
Local time: 21:12
Native speaker of: Native in EnglishEnglish, Native in GermanGerman
Login to enter a peer comment (or grade)

16 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
taxable profits


Explanation:
not all revenue is taxable....

Alison Schwitzgebel
France
Local time: 19:12
Works in field
Native speaker of: Native in EnglishEnglish, Native in GermanGerman
PRO pts in category: 31

Peer comments on this answer (and responses from the answerer)
agree  Roddy Stegemann: Yes, this is it. One does not tax revenue, one taxes the profits obtained from that revenue.
1 hr
Login to enter a peer comment (or grade)

21 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
taxable gain(s)


Explanation:
Is a term I've heard in a more general sense

jerrie
United Kingdom
Local time: 18:12
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4
Login to enter a peer comment (or grade)

57 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
profit for income tax purposes


Explanation:
In Germany, companies set up two different sets of financial statements, "Steuerbilanz" (amounts used for income tax purpose) and "Handelsbilanz" (pursuant to the German Commercial Code)

See the following excerpt of Department of Economic and Social Affairs
Statistics Division
Studies in Methods Series F, No.76
Handbook of National Accounting
LINKS BETWEEN
BUSINESS ACCOUNTING
AND
NATIONAL ACCOUNTING:

"One important issue to be noted in the use of business accounts is the difference between business
accounts for tax purposes and those for business analysis or public information. A major difference commonly
cited is in the treatment of depreciation: accounting for tax purposes may apply a depreciation schedule
allowed by tax authorities in order to reduce the immediate payment of income taxes while accounting for
business analysis focuses on the true standing of a company with a different schedule of depreciation which
reflects the nature of the fixed assets. This, however, is not an important issue in national accounts, where the
concept of depreciation (or consumption of fixed capital) is not the same as in business accounts. The SNA
concept of consumption of fixed capital must reflect the cost of fixed capital used up in production, which is
measured at current market price (see chapter VIII). The consumption of fixed capital is commonly calculated
by the perpetual inventory method (PIM) to replace depreciation used in business accounting in order to come
closer to the actual cost of fixed capital used in production. In many developing countries that are unable to
calculate the SNA consumption of fixed capital for lack of time series data on fixed capital formation, business
depreciation is used as a proxy (see chapter VII).
HTH, Grüße, Astrid


    Reference: http://www.pketelaer.de/Download/FolienJahresabschluss.pdf
    Reference: http://esa.un.org/unsd/sna1993/doc/series-F76e.pdf
Astrid Cruse
Local time: 19:12
Works in field
Native speaker of: German
PRO pts in category: 4
Grading comment
Many thanks for taking the time to provide this excellent explanation!

Peer comments on this answer (and responses from the answerer)
agree  Rod Darby (X): brilliant, Astrid, says all on this 'heikles Thema' HB vs. StB!
3 hrs
  -> Thanks, Rod.
Login to enter a peer comment (or grade)

1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
A lowering of revenue advantages 2001 ...


Explanation:
My read!

brute (X)
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
agree  Сергей Лузан: "A decreasing/ decrease of ...etc" might be an option here.
28 mins
  -> Thanx Sergey!
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also:
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search