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  1. KudoZ™ Top
  2. German to English
  3. Law: Taxation & Customs

Sollversteuerer

English translation: accrual{-}basis taxpayer

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Sollversteuerer
English translation:accrual{-}basis taxpayer

15:53 May 15, 2011
    The asker opted for community grading. The question was closed on 2011-05-18 23:55:25 based on peer agreement (or, if there were too few peer comments, asker preference.)


German to English translations [PRO]
Bus/Financial - Law: Taxation & Customs / taxation
German term or phrase: Sollversteuerer
Sollversteuerer = Besteuerung nach vereinbarten Entgelten. A person is taxed when he receives the compensation before the delivery or service has been rendered.
EMatt
Local time: 20:27
accrual{-}basis taxpayer
Explanation:
as per the Sollversteuerung discussion entry and vs. cash basis taxpayer.

In the US applies to sales tax and in the UK to VAT. So should apply to the scenario quoted of payment recvd. before the service.
Selected response from:

Adrian MM. (X)
Local time: 02:27
Grading comment
Thanks very much.
4 KudoZ points were awarded for this answer



Summary of answers provided
4accrual{-}basis taxpayer
Adrian MM. (X)


Discussion entries: 1





  

Answers


5 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
accrual{-}basis taxpayer


Explanation:
as per the Sollversteuerung discussion entry and vs. cash basis taxpayer.

In the US applies to sales tax and in the UK to VAT. So should apply to the scenario quoted of payment recvd. before the service.

Example sentence(s):
  • The rules for cash basis taxpayers are essentially the same as for cash basis businesses. Cash basis accounting is the alternative to accrual basis

    Reference: http://en.wikipedia.org/wiki/Comparison_of_Cash_Method_and_A...
Adrian MM. (X)
Local time: 02:27
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 111
Grading comment
Thanks very much.
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