Glossary entry

Portuguese term or phrase:

REDUTOR IR

English translation:

income tax reduction factor

Added to glossary by rhandler
Feb 13, 2006 01:39
18 yrs ago
5 viewers *
Portuguese term

REDUTOR IR MP 202

Portuguese to English Bus/Financial Accounting
Line Item in an Income Tax Return, under the heading "RENDIMENTOS ISENTOS E NÃO-TRIBUTÁVEIS"

PLEASE NOTE: If you google "reducer" with "income tax" you get some hits, but *they are all from Brazilian sites*, which means this is not the term actually used in English.

Please help!

Proposed translations

+5
12 mins
Selected

income tax reduction factor (as per Provisional Measure 202)

Here are some non-brazilian examples:

GlossaryCan be a property tax or an income tax. Property tax reduction factor - Sometimes referred to as the "HB 920" effect. An adjustment by which the taxes ...
www.mariemontschools.org/finance/glossary.html

Finance Terms
Levy proposing millage rate or school district income tax that is assessed ... The actual rate of taxation realized when the tax reduction factor reduces ...
www.worthington.k12.oh.us/finance_terms.html

The Facts About the Superannuation Contributions Surcharge... where the ATO makes an amended income tax assessment; or ... debt by a PSS Scheme pension surcharge reduction factor as shown in the following table. ...
www.pss.gov.au/pss/factsheets/psf05.htm

MP stands for provisional measure (OR decree)
The expression "provisional measure" has been added to our glossary already. See reference below.



Peer comment(s):

agree Jorge Rodrigues
21 mins
Obrigado, Jorge
agree Marco Schaumloeffel
2 hrs
Obrigado, Marco
agree Claudio Mazotti
2 hrs
Obrigado, klausinSP
agree Paul Dixon : Yes, indeed.
11 hrs
Obrigado, Paul.
agree Donna Sandin
11 hrs
Thank you, Donna.
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thank you, this was extremely helpful."
7 hrs

standard deduction

On US tax forms, if the amount in question reduces the amount of taxable income (i.e., it's applied before the calculation of the tax due), it is a DEDUCTION.

If the amount in question is applied directly to the amount of tax owed (i.e., it's applied after the tax calculation), it´s called a tax CREDIT.

From the context given (tax-exempt, non-taxable income), it would be a type of "standard deduction", I think... "salvo mais contexto"
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