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

Geringfügigkeitsgrenze

English translation: trivial benefit threshold

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Geringfügigkeitsgrenze
English translation:trivial benefit threshold
Entered by: Catherine Winzer

19:36 Aug 31, 2012
German to English translations [PRO]
Law/Patents - Law: Taxation & Customs
German term or phrase: Geringfügigkeitsgrenze
"(...) wenn Unternehmen für Zuwendungen an Geschäftspartner und Arbeitnehmer die Pauschalierungsregelung nach § 37b des EStG wählen. Hierbei unterliegen Zuwendungen bis zu einem Betrag von 10 Euro als Streuwerbeartikel nicht der Besteuerung. Diese unterschiedlichen Regelungen haben zugleich Auswirkung auf die Aufzeichnungspflichten. Die ***Geringfügigkeitsgrenze*** in § 37b EStG bei der pauschalen Besteuerung sollte mit den anderen Freigrenzen vereinheitlicht werden."

This is from an article discussing tax regulations related to gifts, benefits and promotional products. I've found a couple of possible translations, but they all seem to relate to an employee's earnings, whereas my text seems to be talking about gifts/material benefits.

Any help would be appreciated.
Catherine Winzer
Germany
Local time: 00:59
de minimis threshold
Explanation:
"de minimis" exemptions are fringe benefits whose value is, for accounting or tax purposes, considered trivial or insignificant. The threshold value depends on the country and circumstances of the gift or benefit in question. (see first link)

In the UK these are also referred to as "trivial benefits" (see second link) so you could possibly also use "trivial benefit limit/threshold".
Selected response from:

pj-ffm
Local time: 00:59
Grading comment
Thanks, everyone.
4 KudoZ points were awarded for this answer



Summary of answers provided
4tax free threshold
Christof Hoss
3 +1de minimis threshold
pj-ffm
3insignificance threshold
Michael Martin, MA
3Minimum threshold
Mugdha Ghate


Discussion entries: 1





  

Answers


12 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
insignificance threshold


Explanation:
My suggestion to start off discussion..


    Reference: http://www.aicpa.org/InterestAreas/ProfessionalEthics/Resour...
Michael Martin, MA
United States
Local time: 18:59
Works in field
Native speaker of: Native in GermanGerman, Native in EnglishEnglish
PRO pts in category: 53
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13 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
Minimum threshold


Explanation:
"(...) if companies choose Grants for business partners and employees the lump sum settlement under § 37b of the Income Tax Act. Here donations are subject to an amount of 10 euros as scattered promotional items are not taxable. These differences also have an impact on the record requirements. The ***minimum threshold*** in § 37b of the flat tax in the Income Tax Act should be harmonized with the other allowances. "

Mugdha Ghate
India
Local time: 04:29
Native speaker of: Native in HindiHindi

Peer comments on this answer (and responses from the answerer)
neutral  Paul Skidmore: the explanation appears to be Google translator
18 hrs
neutral  hazmatgerman (X): @Skidmore: although with human interface.
1 day 10 hrs
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
tax free threshold


Explanation:
http://www.google.it/search?client=ubuntu&channel=fs&q=tax-f...

Christof Hoss
Local time: 00:59
Works in field
Native speaker of: Native in GermanGerman
PRO pts in category: 4
Login to enter a peer comment (or grade)

2 days 11 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
de minimis threshold


Explanation:
"de minimis" exemptions are fringe benefits whose value is, for accounting or tax purposes, considered trivial or insignificant. The threshold value depends on the country and circumstances of the gift or benefit in question. (see first link)

In the UK these are also referred to as "trivial benefits" (see second link) so you could possibly also use "trivial benefit limit/threshold".



    Reference: http://www.irs.gov/Government-Entities/Federal,-State-&-Loca...
    Reference: http://www.hmrc.gov.uk/manuals/eimanual/EIM21863.htm
pj-ffm
Local time: 00:59
Native speaker of: English
PRO pts in category: 4
Grading comment
Thanks, everyone.

Peer comments on this answer (and responses from the answerer)
agree  Adrian MM. (X): http://www.proz.com/?sp=gloss/term&id=887712
13 hrs
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