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Botschafter
Steuer Bonus

Glossary entry

German term or phrase:

Steuer Skonto

English translation:

VAT on early payment discount

Added to glossary by Sebastian Witte
Dec 3, 2014 18:10
9 yrs ago
4 viewers *
German term

Steuer Skonto

Non-PRO German to English Bus/Financial Accounting Regulierungsbrief/central claims settlement letter
-4,00 % Skonto
EUR
-1.518,09
***Steuer Skonto*** 19%
EUR
-288,44

Best regards,

Sebastian Witte
Proposed translations (English)
3 VAT Discount
3 +1 Tax discount
Change log

Dec 3, 2014 18:15: Sebastian Witte changed "Field (write-in)" from "Regulierungsbrief" to "Regulierungsbrief/central claims settling letter"

Dec 3, 2014 18:17: Sebastian Witte changed "Field (write-in)" from "Regulierungsbrief/central claims settling letter" to "Regulierungsbrief/central claims settlement letter"

Dec 3, 2014 22:28: Sebastian Witte changed "Field (specific)" from "Business/Commerce (general)" to "Accounting"

Nov 6, 2017 12:14: OK-Trans changed "Level" from "PRO" to "Non-PRO"

Votes to reclassify question as PRO/non-PRO:

Non-PRO (3): Ramey Rieger (X), Edith Kelly, OK-Trans

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Discussion

Sanni Kruger (X) Dec 5, 2014:
Yes, I agree Robin. I came to the same conclusion when I had another think about it and would translate it in this context "VAT on discount".
RobinB Dec 4, 2014:
It’s the VAT *on* the discount.
Sanni Kruger (X) Dec 4, 2014:
Yes, it would. I think the calculation you give in your questions makes that clear, but it must be accounted for separately, that's why it's shown separately.
Sebastian Witte (asker) Dec 4, 2014:
Does this mean VAT included in early payment discount?

Proposed translations

12 hrs
Selected

VAT Discount

With 19%, it would have to be VAT (Sales Tax). The two links I found seem to confirm that.
Reference:

http://www.myheimat.de/kreiensen/ratgeber/rabatt-skonto-mehrwertsteuer-richtig-rechnen-ist-wichtig-d793196.html

http://www.gutefrage.net/frage/wird-skonto-von-der-bruttosumme-oder-nettosumme-abgezogen#answers

Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Luckily I happened to remember that, besides being the accounting translator that everyone here knows him as, he is also one of the finest tax law/taxation translators on the German market, since otherwise I wouldn't really have been able to understand this last-minute detour from your and my "semi-safe version", so ... VAT on discount it is then. "
+1
4 mins

Tax discount

Not very sure, but it sounds right.
Peer comment(s):
agree writeaway : https://translate.google.com/#de/en/Steuer Skonto
5 hrs
Something went wrong...