Absetzung

English translation: (tax) deduction; deductibility

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Absetzung; Absetzbarkeit
English translation:(tax) deduction; deductibility
Entered by: Adrian MM.

16:09 Feb 9, 2020
German to English translations [PRO]
Law/Patents - Law: Taxation & Customs
German term or phrase: Absetzung
Hi guys,

I've probably been staring at "Absetzung" for too long, so hoping that you can help me out:

"Steuervorteile, z.B. durch Absetzung der Gehälter für die Geschäftsführer"

And here are the surrounding sentences for context:

"Investoren beteiligen sich in der Regel an einer GmbH in dem sie als Kapitalgeber Anteile übernehmen.
Steuervorteile, z.B. durch Absetzung der Gehälter für die Geschäftsführer
Notariell beurkundeter Vertrag und Anmeldung zum Handelsregister notwendig"

Thanks,

Gavin
Gavin O'Leary
Ireland
Local time: 22:04
(tax) deduction or deductibility
Explanation:
Directors' fees in the UK and Eire are also company deductions from corporate / company/ profit(s) for tax purposes.

Absetzung medically: (Cold Turkey etc.) weaning off a prescription or other drug.
Selected response from:

Adrian MM.
Austria
Grading comment
Thanks!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2(tax) deduction or deductibility
Adrian MM.
Summary of reference entries provided
Reciprocal substitution
José Patrício
Absetzen
Kim Metzger

  

Answers


17 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
(steuerliche) Absetzung
(tax) deduction or deductibility


Explanation:
Directors' fees in the UK and Eire are also company deductions from corporate / company/ profit(s) for tax purposes.

Absetzung medically: (Cold Turkey etc.) weaning off a prescription or other drug.

Example sentence(s):
  • Directors' fees are tax-deductible expenses for your company. As a result, providing it is profitable, the company saves Corporation Tax on directors' fees it pays.

    Reference: http://eng.proz.com/kudoz/german-to-english/accounting/14583...
    Reference: http://www.revenue.ie/en/tax-professionals/tdm/income-tax-ca...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 16
Grading comment
Thanks!

Peer comments on this answer (and responses from the answerer)
agree  Michael Martin, MA: Yes. Deductability of executive pay/ No US spelling, just "Privatlatein" as one of my teachers used to say.
8 mins
  -> Danke schön and thanks for the alternative AmE spelling!

agree  jccantrell: Yep.
40 mins
  -> Thanks, danke and good thinking!
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Reference comments


8 mins
Reference: Reciprocal substitution

Reference information:
https://www.dict.cc/deutsch-englisch/Ersetzung.html

José Patrício
Portugal
Native speaker of: Native in PortuguesePortuguese
PRO pts in category: 4
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18 mins peer agreement (net): +1
Reference: Absetzen

Reference information:
Absetzen => Abziehen vom Gehalt vor der Versteuerung
Wenn eine Ausgabe von der Steuer abgesetzt werden kann, bedeutet dies, dass der Betrag vom jährlichen Gehalt abgezogen wird. Erst nachdem alle relevanten Kosten vom Gehalt abgezogen wurden, steht das Einkommen des Jahres fest. Von diesem geringeren Betrag wird nun errechnet, wie viele Steuern gezahlt werden müssen. Die zu viel überwiesene Lohnsteuer wird dann vom Finanzamt an den Arbeitnehmer zurücküberwiesen.
https://www.smart-rechner.de/steuer_absetzen/ratgeber/steuer...

Kim Metzger
Mexico
Native speaker of: Native in EnglishEnglish
PRO pts in category: 161

Peer comments on this reference comment (and responses from the reference poster)
agree  writeaway
1 hr
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