Glossary entry

Italiano term or phrase:

rilevando i relativi effetti

Inglese translation:

recognising the relative effects (in the accounts)

Added to glossary by Alessandro Zocchi
Feb 5, 2007 21:54
18 yrs ago
Italiano term

rilevando i relativi effetti

Da Italiano a Inglese Affari/Finanza Finanza (generale) balance sheet
Si precisa che, poiché la società negli esercizi precedenti non ha effettuato accantonamenti e rettifiche di valore prive di giustificazione civilistica e aventi esclusiva valenza fiscale, non si è reso necessario procedere allo storno rilevando i relativi effetti.


From a note to an annual report.

TIA

Ale

Proposed translations

+1
6 ore
Selected

recognising the relative effects (in the accounts)

This relates to recent "disinquinamento fiscale"

http://www.google.it/search?hl=it&q="disinquinamento fiscale...

which states that banks can no longer make provisions for bad debts for tax purposes only. There must be a genuine "civilistic" purpose and it seems to be retroactive. Here they have to "stornare" reverse the entries and "recognise the relative effects" or "make all the necessary relative adjustments" in the accounts which have to be made once you reverse those entries (increase profits and therefore pay more taxes).
Peer comment(s):

agree Michael Pawlik
3 ore
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4 KudoZ points awarded for this answer. Comment: "Thanks alot Jim! Your hint and explanations are always very useful!!! Alle the best Ale"
3 min

taking into account the relevant bills

taking into account the relevant bills
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8 ore

indicating the relative effects

in this case, i think "rilevare" has rather the meaning of
- to indicate
- to reveal
- to underline
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