Glossary entry (derived from question below)
Dutch term or phrase:
deelnemingsvrijstelling
English translation:
participation exemption
Added to glossary by
Adam Dean
Mar 13, 2006 16:49
18 yrs ago
4 viewers *
Dutch term
deelnemingsvrijstelling
Dutch to English
Bus/Financial
Law: Taxation & Customs
Dutch Tax
In a list of topics discussed in a meeting with the local tax office:
De bespreking ging met name over de volgende punten:
1. de geclaimde deelnemingsvrijstelling
2. de verliezen van ABC die door XYZ worden gedragen
3. de transfer-pricing
I keep seeing "Substantial holding company", but don't see how that will fit into the context.
De bespreking ging met name over de volgende punten:
1. de geclaimde deelnemingsvrijstelling
2. de verliezen van ABC die door XYZ worden gedragen
3. de transfer-pricing
I keep seeing "Substantial holding company", but don't see how that will fit into the context.
Proposed translations
(English)
3 +4 | participation exemption | Deborah do Carmo |
3 | substantial shareholding exemption | CI95 |
2 -1 | dividends received deduction | writeaway |
Proposed translations
+4
15 mins
Selected
participation exemption
Jurlex
and
All companies therefore, whether holding companies or operating companies, may take advantage of the participation exemption (deelnemingsvrijstelling). ...
www.winchestertrust.nl/assistance.htm - 19k - Cached - Similar pages
Member of scientific staff(1995) Samenloop van de deelnemingsvrijstelling en de fiscale eenheid in de ... 75 [The meeting of the participation exemption and the fiscal unity in the ...
leidsewetenschappers.leidenuniv.nl/ show_en.php3?medewerker_id=222 - 10k - 11 Mar 2006 - Cached - Similar pages
Voorbij & Partners... in principle, subject to tax on dividend income, an important exemption applies, known as the participation exemption (deelnemingsvrijstelling), where certain ...
voorbij-partners.com/pagina.asp?pid=4&l=en - 11k - Supplemental Result -
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Note added at 16 mins (2006-03-13 17:05:39 GMT)
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To P: left-handed :)
and
All companies therefore, whether holding companies or operating companies, may take advantage of the participation exemption (deelnemingsvrijstelling). ...
www.winchestertrust.nl/assistance.htm - 19k - Cached - Similar pages
Member of scientific staff(1995) Samenloop van de deelnemingsvrijstelling en de fiscale eenheid in de ... 75 [The meeting of the participation exemption and the fiscal unity in the ...
leidsewetenschappers.leidenuniv.nl/ show_en.php3?medewerker_id=222 - 10k - 11 Mar 2006 - Cached - Similar pages
Voorbij & Partners... in principle, subject to tax on dividend income, an important exemption applies, known as the participation exemption (deelnemingsvrijstelling), where certain ...
voorbij-partners.com/pagina.asp?pid=4&l=en - 11k - Supplemental Result -
--------------------------------------------------
Note added at 16 mins (2006-03-13 17:05:39 GMT)
--------------------------------------------------
To P: left-handed :)
Peer comment(s):
agree |
Siobhan Schoonhoff-Reilly
27 mins
|
thanks Siobhan
|
|
agree |
Mark Shimmin
1 hr
|
thanks
|
|
agree |
CI95
2 hrs
|
thanks
|
|
neutral |
jarry (X)
: While participation exemption is widely used, it is in fact Dunglish because a 'deelneming' (participating interest) is never called a 'participation' in English accounting terminology. Looking forward to the outcome of the survey Debs!
2 hrs
|
well aware of that Jarry, hence my "left hand" reference above, am conducting a survey to see how much Dunglish does get support :)
|
|
agree |
writeaway
: I support Dunglish (as long as it doesn't have anything to do with subject areas I translate
;-)
>
)
4 hrs
|
Exactly :))))
|
4 KudoZ points awarded for this answer.
Comment: "Thanks for the answer and the references!"
-1
5 hrs
dividends received deduction
note: this is pure research on my part and not my field by a long shot. will let the experts figure it out, but felt it might be interesting input. (ie I haven't got a clue whether this is right for your context).
Eurodicatom
HitList
1. deelnemingsvrijstelling(1) BTB - UEC85 - 828
Document 1
Subject Law - Legislation - Jurisprudence (JU)
Financial Affairs - Taxation & Customs (FI)
EN
Definition reductie of vrijstelling van belasting over de winstuitdeling van een vennootschap aan een andere vennootschap welke voor een bepaald percentage deelneemt in eerstgenoemde vennootschap
Reference Internat.Account.Lex,UEC-Concernverslaglegging
(1)
TERM deelnemingsvrijstelling
Reference Internat.Account.Lex,UEC-Concernverslaglegging
Note {DOM} handelsrecht:vennootschapsgroepen
EN
Definition a fiscal concession in respect of distributed profits arising from a holding by one company of more than a certain percentage of the shares of another company
Reference Internat.Account.Lex.,UEC-Group Accounts
(1)
TERM dividends received deduction
Reference Internat.Account.Lex.,UEC-Group Accounts
Note {DOM} commercial law:groups and group companies
{REG} American English
FRENCH TAX NEWS - FEBRUARY 2006 - prepared by ALTEXIS law firm ...
UK Tax Information · Blevins Franks Relocate Tax ... the dividends received deduction is no longer compensated for the computation of the tax consolidated ...
www.taxationweb.co.uk/internationaltax/frenchtax/news.php?i...
Campbell R. Harvey's Hypertextual Finance Glossary
Compare over 100 Secured Loans plans with Accepted.co.uk. ... Dividends-received deduction: A corporate tax deduction on income allowed by company A that is ...
www.duke.edu/~charvey/Classes/wpg/bfglosd.htm
Eurodicatom
HitList
1. deelnemingsvrijstelling(1) BTB - UEC85 - 828
Document 1
Subject Law - Legislation - Jurisprudence (JU)
Financial Affairs - Taxation & Customs (FI)
EN
Definition reductie of vrijstelling van belasting over de winstuitdeling van een vennootschap aan een andere vennootschap welke voor een bepaald percentage deelneemt in eerstgenoemde vennootschap
Reference Internat.Account.Lex,UEC-Concernverslaglegging
(1)
TERM deelnemingsvrijstelling
Reference Internat.Account.Lex,UEC-Concernverslaglegging
Note {DOM} handelsrecht:vennootschapsgroepen
EN
Definition a fiscal concession in respect of distributed profits arising from a holding by one company of more than a certain percentage of the shares of another company
Reference Internat.Account.Lex.,UEC-Group Accounts
(1)
TERM dividends received deduction
Reference Internat.Account.Lex.,UEC-Group Accounts
Note {DOM} commercial law:groups and group companies
{REG} American English
FRENCH TAX NEWS - FEBRUARY 2006 - prepared by ALTEXIS law firm ...
UK Tax Information · Blevins Franks Relocate Tax ... the dividends received deduction is no longer compensated for the computation of the tax consolidated ...
www.taxationweb.co.uk/internationaltax/frenchtax/news.php?i...
Campbell R. Harvey's Hypertextual Finance Glossary
Compare over 100 Secured Loans plans with Accepted.co.uk. ... Dividends-received deduction: A corporate tax deduction on income allowed by company A that is ...
www.duke.edu/~charvey/Classes/wpg/bfglosd.htm
Peer comment(s):
disagree |
CI95
: The exemption also applies to capital gains so I don't think this would work.
20 hrs
|
4 hrs
substantial shareholding exemption
Substantial Shareholding Exemption
• This important exemption covers shareholdings of 10% or more, and can also apply to joint-venture situations
• The shares must be held by another company as an investment, i.e. not as a dealing asset
• The disposal must occur on or after 1 April 2002
• If a gain arises on disposals, this will be exempt from tax, provided that certain conditions are met Conversely, a capital loss will not be recognised for tax purposes
http://www.parmentierarthur.co.uk/substantial-shareholding-e...
--------------------------------------------------
Note added at 4 hrs (2006-03-13 21:44:35 GMT)
--------------------------------------------------
Is it still Dunglish if the Australian government as passed the:
New International Tax Arrangements (Participation Exemption and Other Measures) Act 2004
http://www.ato.gov.au/taxprofessionals/content.asp?doc=/cont...
???
Some additional refs:
A corporate "SUBSTANTIAL SHAREHOLDING EXEMPTION" was introduced on 1 April 2002 for holdings of 10% or more of the shares in another company (30% or more for shares held by a life assurance company's long-term insurance fund). This is effectively a form of UK PARTICIPATION EXEMPTION. Almost all of the corporation tax raised on chargeable gains is paid by life assurance companies taxed on the I minus E basis.
http://en.wikipedia.org/wiki/Capital_gains_tax
The 2001 budget contained some detailed measures to improve the ill-though-out onshore mixing rules contained in the Finance Act 2000, the promise of further consultation on the bigger issue of a possible PARTICIPATION EXEMPTION for income and capital gains, and the threat of a further tightening of the CFC (Controlled Foreign Corporation) rules. Indeed, enabling legislation in the 2002 Finance Act allows the British government to alter the tax treatment of controlled foreign companies in jurisdictions which are considered to allow 'harmful tax practices'.
http://www.lawandtax-news.com/html/uk/juklatcomp.html
--------------------------------------------------
Note added at 1 day1 hr (2006-03-14 18:32:45 GMT)
--------------------------------------------------
From the UK websites of the Big Four:
UK groups have traditionally used an offshore holding company (HoldCo), typically in a participation exemption regime such as Luxembourg or the Netherlands
http://www.ey.com/GLOBAL/content.nsf/UK/Tax_-_Tax_News_-_Tax...
participation exemption for gains on shares
http://64.233.179.104/search?q=cache:OyENZ0NznwMJ:www.pwc.co...
The reasons for the recipient not being liable to tax may vary, but include situations where the recipient benefits from a participation exemption in a country that operates an exemption system of double taxation relief.
http://www.ukbudget.co.uk/UKBudget2005/Business/Budget05_avo...
• This important exemption covers shareholdings of 10% or more, and can also apply to joint-venture situations
• The shares must be held by another company as an investment, i.e. not as a dealing asset
• The disposal must occur on or after 1 April 2002
• If a gain arises on disposals, this will be exempt from tax, provided that certain conditions are met Conversely, a capital loss will not be recognised for tax purposes
http://www.parmentierarthur.co.uk/substantial-shareholding-e...
--------------------------------------------------
Note added at 4 hrs (2006-03-13 21:44:35 GMT)
--------------------------------------------------
Is it still Dunglish if the Australian government as passed the:
New International Tax Arrangements (Participation Exemption and Other Measures) Act 2004
http://www.ato.gov.au/taxprofessionals/content.asp?doc=/cont...
???
Some additional refs:
A corporate "SUBSTANTIAL SHAREHOLDING EXEMPTION" was introduced on 1 April 2002 for holdings of 10% or more of the shares in another company (30% or more for shares held by a life assurance company's long-term insurance fund). This is effectively a form of UK PARTICIPATION EXEMPTION. Almost all of the corporation tax raised on chargeable gains is paid by life assurance companies taxed on the I minus E basis.
http://en.wikipedia.org/wiki/Capital_gains_tax
The 2001 budget contained some detailed measures to improve the ill-though-out onshore mixing rules contained in the Finance Act 2000, the promise of further consultation on the bigger issue of a possible PARTICIPATION EXEMPTION for income and capital gains, and the threat of a further tightening of the CFC (Controlled Foreign Corporation) rules. Indeed, enabling legislation in the 2002 Finance Act allows the British government to alter the tax treatment of controlled foreign companies in jurisdictions which are considered to allow 'harmful tax practices'.
http://www.lawandtax-news.com/html/uk/juklatcomp.html
--------------------------------------------------
Note added at 1 day1 hr (2006-03-14 18:32:45 GMT)
--------------------------------------------------
From the UK websites of the Big Four:
UK groups have traditionally used an offshore holding company (HoldCo), typically in a participation exemption regime such as Luxembourg or the Netherlands
http://www.ey.com/GLOBAL/content.nsf/UK/Tax_-_Tax_News_-_Tax...
participation exemption for gains on shares
http://64.233.179.104/search?q=cache:OyENZ0NznwMJ:www.pwc.co...
The reasons for the recipient not being liable to tax may vary, but include situations where the recipient benefits from a participation exemption in a country that operates an exemption system of double taxation relief.
http://www.ukbudget.co.uk/UKBudget2005/Business/Budget05_avo...
Peer comment(s):
neutral |
writeaway
: but where do you see 'substantial' in the Dutch?
36 mins
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To qualify for the Dutch participation exemption, you need a minimum shareholding (>5%).
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Discussion
A particular type of holding company established in the Netherlands exempted from tax on income from investments under specified conditions. http://www.offshore-manual.com/cp10s.html#S