Base liquidable general vs. Base imponible general

English translation: Net tax base vs Gross tax base

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:Base liquidable general vs. Base imponible general
English translation:Net tax base vs Gross tax base
Entered by: Sofia Ortega

14:52 Jan 6, 2024
Spanish to English translations [PRO]
Bus/Financial - Finance (general) / Tax report
Spanish term or phrase: Base liquidable general vs. Base imponible general
Estoy traduciendo una Declaración de la Renta de España. La traducción va para EE. UU.
Encuentro la misma traducción para los dos términos, pero en la declaración de la renta son términos claramente distintos, así que no puedo dejarlos igual.
Muchas gracias por vuestra ayuda.
Sofia Ortega
Spain
Local time: 16:10
Net tax base vs Gross tax base
Explanation:
La base imponible es la renta bruta sujeta al impuesto. La base liquidable es el resultado de restar a la base imponible las deducciones y desgravaciones que proceda.
Selected response from:

María López-Contreras Conde
Spain
Local time: 16:10
Grading comment
Muchas gracias
4 KudoZ points were awarded for this answer



Summary of answers provided
5Net tax base vs Gross tax base
María López-Contreras Conde
4net taxable income; total income (combined / BrE & IrE)
Adrian MM.
2 +2(general) net taxable income vs. general tax (taxable) base
Taña Dalglish


  

Answers


39 mins   confidence: Answerer confidence 5/5
Net tax base vs Gross tax base


Explanation:
La base imponible es la renta bruta sujeta al impuesto. La base liquidable es el resultado de restar a la base imponible las deducciones y desgravaciones que proceda.

María López-Contreras Conde
Spain
Local time: 16:10
Specializes in field
Native speaker of: Native in SpanishSpanish
PRO pts in category: 8
Grading comment
Muchas gracias
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
base liquidable general vs. base imponible general
net taxable income; total income (combined / BrE & IrE)


Explanation:
base liquidable : net tax 'basis'; tax 'basis' less any deductions, West & Butterworths
base imponible : taxable income, West + tax assessment 'basis', Ernst & Whinney; tax basis or base, Butteworths.

In the UK, tax base is an IHT / inheritance tax threshold : 'The estate tax has a narrow base and a high rate..' Hence, IMO base and basis to be avoided for Transatlantic consumption.

IrE : Your total income is your *gross* income from all sources less certain deductions such as expenses, allowances and reliefs.

UK revenue law exam paper question: 'define total income for tax purposes'.

Example sentence(s):
  • US AmE: A tax base is the total value of all of the assets, income, and economic activity that can be taxed by a taxing authority, usually a government.
  • This page only deals with UK-source employment income. The total tax you pay is based on your total combined income from all sources.

    Reference: http://www.proz.com/personal-glossaries/entry/32331853-base-...
    Reference: http://www.proz.com/kudoz/spanish-to-english/bus-financial/1...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 143
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1 hr   confidence: Answerer confidence 2/5Answerer confidence 2/5 peer agreement (net): +2
(general) net taxable income vs. general tax (taxable) base


Explanation:
https://www.translatorscafe.com/tcterms/en-US/question.aspx?...
Answers
Answer by Asker
Net taxable income



https://squareup.com/es/es/glossary/base-imponible
La base imponible es la cantidad sobre la que se calcula el impuesto (o cuota tributaria) que tiene que pagar una persona física o jurídica.


general tax /taxable base > base imponible general
base imponible general - English translation
https://www.linguee.com › spanish-english › base+imp...
... base imponible general noun, feminine—. general taxable base n. general tax base n. less common: general taxable income n. See also: base imponible f —. tax ...

Taña Dalglish
Jamaica
Local time: 09:10
Works in field
Native speaker of: English
PRO pts in category: 258

Peer comments on this answer (and responses from the answerer)
agree  neilmac: Which reminds me... must do my quarterly return :)
2 hrs
  -> Thanks Neil. Happy New Year.

agree  AllegroTrans
7 hrs
  -> Thank you, Allegro.
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