Glossary entry (derived from question below)
Portuguese term or phrase:
lucro presumido/arbitrado
English translation:
notional profit
Added to glossary by
Maria Henna (X)
Jun 28, 2004 18:43
20 yrs ago
18 viewers *
Portuguese term
lucro presumido/arbitrado
Portuguese to English
Other
Law: Taxation & Customs
Tipos de lucro quando da apuração do Imposto de Renda da Pessoa Jurídica.
Obrigada a todos que têm sempre me ajudado.
Guta
Obrigada a todos que têm sempre me ajudado.
Guta
Proposed translations
(English)
3 | notional profit | Donna Sandin |
5 +2 | estimated/arbitrated profit | Paul Dixon |
4 | inferred profit | Rene Duvekot |
Proposed translations
14 mins
Selected
notional profit
I picked up this suggestion from a Spanish-oriented seminar on translation of tax terms. I had been using "assumed profit."
The concept does not exist in US tax law. Our distinguished colleague Danilo Nogueira explained it to me as one of the ways of determining profit when not determined by lucro real. "Sistema simplificado de cálculo baseado na receita bruta da empresa que serve para estimar a margem de lucro por tipo de atividade."
The concept does not exist in US tax law. Our distinguished colleague Danilo Nogueira explained it to me as one of the ways of determining profit when not determined by lucro real. "Sistema simplificado de cálculo baseado na receita bruta da empresa que serve para estimar a margem de lucro por tipo de atividade."
4 KudoZ points awarded for this answer.
Comment: "Thank you very much! And your distinguished colleague was right about the definition.
Many thanks for everyone else, too, of course!"
+2
12 mins
estimated/arbitrated profit
Estimated Profit - in some cases a company can declare an estimated profit rather than show detailed documents as proof of real profit garnered.
Arbitrated Profit - when a figure for the profit is arrived at through a legal procedure known as arbitration.
Arbitrated Profit - when a figure for the profit is arrived at through a legal procedure known as arbitration.
Peer comment(s):
agree |
Jane Lamb-Ruiz (X)
: this works for me..it covers the IDEA of the tax people challenging one...
2 hrs
|
agree |
Henrique Magalhaes
14 hrs
|
13 hrs
inferred profit
.
Something went wrong...