Te betalen loonheffing en SV

English translation: Tax and social contributions withheld on wage

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:Te betalen loonheffing en SV
English translation:Tax and social contributions withheld on wage
Entered by: Francesco D'Arcangeli

21:02 Aug 29, 2012
Dutch to English translations [PRO]
Bus/Financial - Accounting
Dutch term or phrase: Te betalen loonheffing en SV
A sentence I've found in a list of balance sheet and accounting terms. I do not speak Dutch, and as a matter of fact I am presently translating from Italian to English, but the Italian I'm working on has been translated from the Dutch:
"Liquide middelen
Kas
Kas Buitenlandse reizen
Kruisposten
Vraagposten
Waarborgsommen
Lening personeel
Tussenrek. betalingen
Te betalen loonheffing en SV
Betalingen via Paysquare
Netto lonen/salarissen en bedrijfssparen
Bedrij fssparen"
Francesco D'Arcangeli
Italy
Local time: 21:36
Tax and social contributions withheld on wage
Explanation:
Two types or "taxes" are levied on wages - the social security contributions (meant to fund your pension, health care, ...) and income tax (meant for general government services).

When an employer pays you, he/she has to - depending on the country - already withhold a part of the income tax you as an employee will have to pay, and sends it to the tax office.

He or she also sends a part of your wages to the social security system, to pay for the things you are insured for.

What is left over is what you get on your account at the end of the month.

Note that this is a different item than the social security contributions ("social tax") or taxes an employer has to pay *on top of* what he pays you - here, we are talking about what gets *deducted* from your gross wage, at the source.

It is a semantic difference, but it is treated differently in administration. The term "payroll taxes" is not a good fit because it usually means both: the tax withheld and the tax coming from the employers' own pocket. By the way, the former is usually also calculated on the level of an individual wage, while the latter is usually calculated on the sum of all wages for all the employees together; so you might be able to tell by the context of your list.

The rules for this are different in every country. Your source text comes from the Dutch system, where the "loonheffing" is part of the income tax system (the employer already sends the tax office a part of what you will have to pay in the end) and "SV" stands for "sociale verzekering" (social insurance - the part of your wage the employer sends to the social security system). If it would have come from Belgium, different terms would have been used.

The problem is that different terms are used in different countries, simply because the systems and arrangements are different and because different institutions are involved. That is why I would choose a "generic" translation: "Tax and social contributions withheld on wage".

This makes clear that it goes to the government (not to a private savings scheme), distinguishes it from other types of costs, shows that it is calculated on the level of the individual employee, and also sets it aside from the part of the payroll tax that is paid by the employer on the total of all wages and out of his own pocket.

If you would need to be more precise than the generic "tax and social contributions withheld on wage", you would need to localise according to country legislation. There are resources for that in comparative social security research, but it is a complicated thing to do in a precise and exact way. In any case, if that would be necessary, it would be for a lawyer or HR specialist to handle.

I'm sure about this answer because I am specialised in comparative social security law (and have worked for years in the government institution that deals with the collection of contributions in Belgium). Note however that this is not a one-on-one "tested and tried" terminology translation. It is a creative translation with the information needed for you to decide if it fits or not.
Selected response from:

Steven Segaert
Estonia
Local time: 22:36
Grading comment
Thanks!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1Payroll tax (or withholding tax or in the U.K. P.A.Y.E.) and social insurance contributions payable
Textpertise
5Tax and social contributions withheld on wage
Steven Segaert
5 -1Income tax and social insurance contributions payable
Annabel Rautenbach


Discussion entries: 2





  

Answers


2 mins   confidence: Answerer confidence 5/5 peer agreement (net): -1
Income tax and social insurance contributions payable


Explanation:
Your translation sounds complicated ... something like "Lost in translation". Good luck

Annabel Rautenbach
Local time: 22:36
Specializes in field
Native speaker of: Native in AfrikaansAfrikaans
PRO pts in category: 12

Peer comments on this answer (and responses from the answerer)
disagree  Erik Brinkhof: Income tax includes much more than loonheffing
58 mins
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24 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
Payroll tax (or withholding tax or in the U.K. P.A.Y.E.) and social insurance contributions payable


Explanation:
Loonheffing means taxes on wages or salaries. Income tax for an individual can include other components such as investment or real estate income. Of course when a company pays income tax to the Government what it is actually paying is not called income tax but withholding tax or, as they call it in the U.K., Pay As You Earn (P.A.Y.E.). Strictly speaking, therefore, income tax is a tax paid by the individual and includes other components besides wages. Loonheffing relates only to wages.

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Note added at 25 mins (2012-08-29 21:28:10 GMT)
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and is paid by the employer.

Textpertise
United Kingdom
Local time: 20:36
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
agree  Erik Brinkhof: with withholding tax. Paid by the employer... on behalf of the employee (withheld!)
35 mins

neutral  Steven Segaert: Payroll tax is also used for the tax paid out of the employers' pocket.
8 hrs
  -> Loonheffing as under the Wet op de Loonbelasting 1964 is commonly translated as payroll tax or any of the other alternatives I have listed.
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9 hrs   confidence: Answerer confidence 5/5
Tax and social contributions withheld on wage


Explanation:
Two types or "taxes" are levied on wages - the social security contributions (meant to fund your pension, health care, ...) and income tax (meant for general government services).

When an employer pays you, he/she has to - depending on the country - already withhold a part of the income tax you as an employee will have to pay, and sends it to the tax office.

He or she also sends a part of your wages to the social security system, to pay for the things you are insured for.

What is left over is what you get on your account at the end of the month.

Note that this is a different item than the social security contributions ("social tax") or taxes an employer has to pay *on top of* what he pays you - here, we are talking about what gets *deducted* from your gross wage, at the source.

It is a semantic difference, but it is treated differently in administration. The term "payroll taxes" is not a good fit because it usually means both: the tax withheld and the tax coming from the employers' own pocket. By the way, the former is usually also calculated on the level of an individual wage, while the latter is usually calculated on the sum of all wages for all the employees together; so you might be able to tell by the context of your list.

The rules for this are different in every country. Your source text comes from the Dutch system, where the "loonheffing" is part of the income tax system (the employer already sends the tax office a part of what you will have to pay in the end) and "SV" stands for "sociale verzekering" (social insurance - the part of your wage the employer sends to the social security system). If it would have come from Belgium, different terms would have been used.

The problem is that different terms are used in different countries, simply because the systems and arrangements are different and because different institutions are involved. That is why I would choose a "generic" translation: "Tax and social contributions withheld on wage".

This makes clear that it goes to the government (not to a private savings scheme), distinguishes it from other types of costs, shows that it is calculated on the level of the individual employee, and also sets it aside from the part of the payroll tax that is paid by the employer on the total of all wages and out of his own pocket.

If you would need to be more precise than the generic "tax and social contributions withheld on wage", you would need to localise according to country legislation. There are resources for that in comparative social security research, but it is a complicated thing to do in a precise and exact way. In any case, if that would be necessary, it would be for a lawyer or HR specialist to handle.

I'm sure about this answer because I am specialised in comparative social security law (and have worked for years in the government institution that deals with the collection of contributions in Belgium). Note however that this is not a one-on-one "tested and tried" terminology translation. It is a creative translation with the information needed for you to decide if it fits or not.


    Reference: http://www.belastingdienst.nl/wps/wcm/connect/bldcontentnl/b...
Steven Segaert
Estonia
Local time: 22:36
Native speaker of: Native in DutchDutch, Native in FlemishFlemish
PRO pts in category: 4
Grading comment
Thanks!

Peer comments on this answer (and responses from the answerer)
neutral  Textpertise: Although you analysis is correct, loonheffing as under the Wet op de Loonbelasting 1964 is commonly translated as payroll tax or any of the other alternatives I have listed.
3 hrs
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