Oct 12, 2007 21:15
16 yrs ago
10 viewers *
German term
PKW-Wert Eigenanteil
German to English
Bus/Financial
Accounting
payroll
Does Eigenanteil mean taxable share or tax-deductible
Proposed translations
(English)
| 5 | non-deductible portion (of vehicle cost for private use) |
Maurice Claypole
|
Change log
Oct 15, 2007 10:56: Steffen Walter changed "Term asked" from "PKW-Wert eigenanteil" to "PKW-Wert Eigenanteil"
Proposed translations
11 hrs
non-deductible portion (of vehicle cost for private use)
Under German tax law, the personal use of a business vehicle is treated as a fringe benefit; in other words the tax deductible amount is reduced by a certain factor to allow for private use. This was formally based on an estimated percentage of use and is often referred to as 'Privatnutzung' but a few years ago this was changed to a figure based on the puchase value of the vehicle, normally 1% of the original purchase price.
The context will determine whether it is necessary to translate the full expression or not.
The context will determine whether it is necessary to translate the full expression or not.
Example sentence:
The value of any personal use of the vehicle must be included in the .... on only the non-deductible portion, or include only the non-deductible portion of ...
The 'private use' portion is non-deductible and must be paid from post-tax dollars.
Discussion