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Dése fuerza de ley
Mar 4, 2011 14:55
13 yrs ago
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Spanish term

afectar la revaloración del patrimonio hasta su concurrencia

Spanish to English Bus/Financial Accounting Tax law
La administración opta por reconocer la obligación en forma anual, inicialmente "afectando la revalorización del patrimonio hasta su concurrencia" y posteriormente contra las cuentas de resultado, en los términos previstos en el parágrafo transitorio que fue adicionado al artículo 78 del Decreto 2649 de 1993 por el Decreto 514 de 2010.

Se trata de diferentes casos para ilustrar la aplicación de un nuevo impuesto al patrimonio en Colombia.

Agradezco cualquier orientación, especialmente con lo relacionado a la parte de "hasta su concurrencia".
Proposed translations (English)
4 [Management] has opted to post the restatement difference to equity for up to the full amount
4 against the revaluation of equity until such account is exhausted

Discussion

Oksana Koukharenko Mar 4, 2011:
Sorry, I meant to ask "what kind of tax liability" the question refers to, and I think I´ve figured it out by reading those Decretos
philgoddard Mar 4, 2011:
He's already answered that question!
marybro Mar 4, 2011:
Giovanni- from a brief reading of the changes in the net equity tax law on Google and a quick read of your excerpt.... it appears that Management has "to record/disclose the full amount of tax liability in the first year" (first year plus next 3 tax years thru 2014), and in subsequent fiscal years record/disclose according the options...stated further in the text?
Oksana Koukharenko Mar 4, 2011:
Hi Giovanni,
what kind of "obligación" does the text refer to?
philgoddard Mar 4, 2011:
In that case, I wonder if it means "their current/market value".
Giovanni Rengifo (asker) Mar 4, 2011:
ACLARACION Se refiere a la obligación del pago del impuesto.
philgoddard Mar 4, 2011:
What's "la obligación"?

Proposed translations

2 hrs

[Management] has opted to post the restatement difference to equity for up to the full amount

That's kind of a quick and dirty translation without seeing more of the context.

Hope it helps.

Best,
msg
Note from asker:
Thanks again Marian.
Something went wrong...
2 hrs

against the revaluation of equity until such account is exhausted

1. Revalovación del patrimonio: El artículo 90 del Decreto 2649 de 1.993 expresa: “La revalorización del patrimonio refleja el efecto sobre el patrimonio originado por la pérdida del poder adquisitivo de la moneda.
- hence, this is translated as "REVALUATION OF EQUITY".

2. Por una norma tributaria [ley 1111 de 2006], el impuesto al patrimonio se podía contabilizar contra la cuenta de revalorización del patrimonio. - see the second link.
In other words, the tax is booked against this revaluation account, until such account is "depleted", and then booked against capital gains,

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Note added at 2 hrs (2011-03-04 17:21:27 GMT)
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correction, the last phrase in the explanation: ...and then booked against the operating income
Reference:

http://www.actualicese.com/actualidad/2005/07/26/05115/

http://www.gerencie.com/en-que-cambia-la-contabilizacion-del-impuesto-al-patrimonio.html

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