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verlegd

English translation: deferred

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:verlegd
English translation:deferred
Entered by: Francesco D'Arcangeli

21:53 Aug 29, 2012
Dutch to English translations [PRO]
Bus/Financial - Accounting
Dutch term or phrase: verlegd
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. The problem here is verlegd, "transferred" I get from some sources, but what does it mean?:
"Dubieuze debiteuren
Belastinqen
BTW verkoop 0%
BTW verkoop verlegd
BTW verkoop hoog
BTW verkoop laag
BTW verkoop ICL
BTW verkoop buiten EU
BTW voorbelasting verlegd
BTW voorbelasting hoog
BTW voorbelasting laag
BTW voorbelasting 0%
BTW voorbelasting import ICL
BTW voorbelasting import buiten EU
BTW autokosten
Af te dragen BTW
Af te dragen BTW 12%
Crediteuren"
Francesco D'Arcangeli
Italy
Local time: 10:42
deferred
Explanation:
Note that "BTW verlegd" also is known as the "Reverse Charge Mechanism"
Selected response from:

Erik Brinkhof
Vietnam
Local time: 15:42
Grading comment
Thanks a lot!!!
4 KudoZ points were awarded for this answer



Summary of answers provided
4assigned to / transferred to
Clem Herman
4deferred
Erik Brinkhof


Discussion entries: 1





  

Answers


6 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
assigned to / transferred to


Explanation:
the obligation to pay VAT (BTW in Dutch) may, in some instances, be transferred to another party. That's what this term "verlegd" is referring to in this context.

Example sentence(s):
  • The VAT payment obligation was assigned to the seller.
Clem Herman
Netherlands
Local time: 10:42
Native speaker of: Native in EnglishEnglish
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12 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
deferred


Explanation:
Note that "BTW verlegd" also is known as the "Reverse Charge Mechanism"

Erik Brinkhof
Vietnam
Local time: 15:42
Works in field
Native speaker of: Native in DutchDutch
PRO pts in category: 12
Grading comment
Thanks a lot!!!

Peer comments on this answer (and responses from the answerer)
neutral  Kitty Brussaard: I agree with 'reverse charged (VAT)', but 'deferred' usually refers to 'latente/uitgestelde' belastingverplichtingen, which is not quite the same thing IMHO.
10 hrs
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