GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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12:01 Aug 28, 2019 |
Spanish to English translations [PRO] Law/Patents - Insurance | |||||||
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| Selected response from: patinba Argentina Local time: 22:35 | ||||||
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Summary of answers provided | ||||
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4 +3 | turnover tax |
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5 | Gross income/revenue |
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3 | (AmE) Sales Volume before tax |
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1 +1 | Insurance Premium Tax |
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Discussion entries: 4 | |
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Gross income/revenue Explanation: Income para personas y revenue para empresas |
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turnover tax Explanation: Taxes in Europe Database v2 - European Commission ec.europa.eu › taxation_customs › tedb › legacy › taxDetail Tax name in the national language, Φόρος Ασφαλίστρων (πρώην φόρος κύκλου εργασιών). Tax name in English, Insurance premium tax (previously turnover tax). "As the name implies, Turnover Tax is a type of tax, which is calculated against the turnover of a business, as opposed to a percentage of profit (i.e. income less business expenses) as per usual business tax." -------------------------------------------------- Note added at 4 hrs (2019-08-28 16:32:38 GMT) -------------------------------------------------- Turnover tax is calculated by applying a tax rate to the turnover (sales, or premium income in this case) of a business, and in this case it is calculated as a percentage of the premium charged to the policy-holder and added to its cost. |
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