Feb 7, 2009 17:12
15 yrs ago
2 viewers *
Danish term
fradragsret for kurstab, der ikke ydes i koncernforhold
Danish to English
Bus/Financial
Accounting
taxation
from a memo concerning tax implications of exchange gains/losses:
Selskaber, der er fuldt skattepligtigt til Danmark, er skattepligtige til Danmark af kursgevinster og har fradragsret for kurstab, der ikke ydes i koncernforhold.
Does "ydes" refer to tax losses being used elsewhere in the Group, or to the right to make deductions being granted? (Too late on a working Saturday for my brain to figure this out.)
Selskaber, der er fuldt skattepligtigt til Danmark, er skattepligtige til Danmark af kursgevinster og har fradragsret for kurstab, der ikke ydes i koncernforhold.
Does "ydes" refer to tax losses being used elsewhere in the Group, or to the right to make deductions being granted? (Too late on a working Saturday for my brain to figure this out.)
Proposed translations
(English)
| 3 | right of deduction for exchange losses not incurred in intra-group transactions. |
David Young (X)
|
Proposed translations
4 hrs
Selected
right of deduction for exchange losses not incurred in intra-group transactions.
My sense is that this is saying that exchange losses can only be deducted if the loss is incurred in a transaction with a counterparty not in the same "koncern", i.e. group of companies. So, for example, if there was an exchange loss incurred by a British subsidiary of a Danish holding company in a transaction with the holding company, this would not be deductible.
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Comment: "Thanks - this hit the spot perfectly!"
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