C2 · 50 words
International tax law in Spanish
Residence, permanent establishment, transfer pricing and treaties — how two states divide one profit.
Twice on this page la sociedad is a company: la sociedad instrumental, la sociedad extranjera controlada. English reads « society » and goes wrong, because the Spanish word is both things at once. It is the company on the register — una sociedad anónima, constituir una sociedad — and it is society at large: la sociedad española, vivir en sociedad. Only what stands beside it decides, and in a tax document it is always the first.
The words
View
Phrase (49)
la fiscalidad internacionalthe law that shares one and the same income between statesPhraseC2
La fiscalidad internacional reparte una misma renta.International tax law divides one and the same income.
la sujeción por renta mundialthe liability that reaches everything, wherever it was earnedPhraseC2
La sujeción por renta mundial alcanza lo ganado fuera.Worldwide liability reaches what was earned abroad.
la obligación real de contribuirthe liability that reaches only what was earned inside the countryPhraseC2
La obligación real de contribuir se limita a la renta de fuente interna.Limited liability to tax is confined to income from domestic sources.
el criterio de permanenciathe counting of days that settles where somebody livesPhraseC2
El criterio de permanencia cuenta los días de presencia.The presence test counts the days spent in the country.
el centro de intereses vitalesthe place where a person's life really is, when the days do not decidePhraseC2
El centro de intereses vitales decide cuando hay empate.The centre of vital interests decides when there is a tie.
la regla de desempatethe ladder of tests applied in a fixed order when two states both claimPhraseC2
La regla de desempate se aplica en orden fijo.The tie-breaker rule is applied in a fixed order.
el establecimiento permanentethe fixed place of business that lets a second state tax as wellPhraseC2
El establecimiento permanente exige un lugar fijo de negocio.A permanent establishment requires a fixed place of business.
el agente dependientethe person who can create one without any office at allPhraseC2
El agente dependiente puede crear establecimiento sin oficina.A dependent agent can create an establishment without an office.
la actividad auxiliar o preparatoriathe activity too slight to count, and therefore excludedPhraseC2
La actividad auxiliar o preparatoria queda excluida.Auxiliary or preparatory activity is excluded.
la atribución de beneficiosthe working out of how much profit belongs to that placePhraseC2
La atribución de beneficios al establecimiento sigue las funciones.The attribution of profits to the establishment follows the functions.
el precio de transferenciathe price one company of a group charges anotherPhraseC2
El precio de transferencia entre filiales se documenta.The transfer price between subsidiaries is documented.
el principio de plena competenciathe rule that the price must be what strangers would have agreedPhraseC2
El principio de plena competencia compara con terceros independientes.The arm's length principle compares with independent third parties.
el análisis funcionalthe description of who does what and who carries the riskPhraseC2
El análisis funcional describe quién hace qué y quién asume el riesgo.The functional analysis describes who does what and who bears the risk.
el comparable independientethe outside transaction held up for comparison, rarely a perfect fitPhraseC2
El comparable independiente rara vez es perfecto.The independent comparable is rarely a perfect fit.
el método del margen netothe method that looks at the net margin, and the one most usedPhraseC2
El método del margen neto es el más usado en la práctica.The net margin method is the one most used in practice.
el reparto del beneficio residualthe splitting of what is left when both sides bring something uniquePhraseC2
El reparto del beneficio residual se usa cuando ambas partes aportan lo único.The residual profit split is used when both sides contribute something unique.
la documentación de preciosthe file that has to exist before the tax office asks for itPhraseC2
La documentación de precios se prepara antes del requerimiento.The pricing documentation is prepared before it is asked for.
el informe país por paísthe return that shows earnings and staff for every countryPhraseC2
El informe país por país reparte ingresos y empleados.The country-by-country report breaks down revenue and employees.
el acuerdo previo de valoraciónthe deal struck in advance so that the pricing is not later fought overPhraseC2
El acuerdo previo de valoración da seguridad para años.The advance pricing agreement gives certainty for years.
el ajuste primariothe correction that raises the base in one countryPhraseC2
El ajuste primario sube la base en un país.The primary adjustment raises the base in one country.
el ajuste correlativothe matching correction in the other, so the same profit is not taxed twicePhraseC2
El ajuste correlativo evita gravar dos veces lo mismo.The corresponding adjustment avoids taxing the same thing twice.
el convenio para evitar la doble imposiciónthe treaty between two states that divides the right to taxPhraseC2
El convenio para evitar la doble imposición prevalece sobre la ley interna.The double taxation treaty prevails over domestic law.
el método de exenciónthe relief that simply leaves the foreign income outPhraseC2
El método de exención deja fuera la renta extranjera.The exemption method leaves the foreign income out.
el método de imputaciónthe relief that deducts the tax already paid abroadPhraseC2
El método de imputación descuenta el impuesto ya pagado.The credit method deducts the tax already paid.
el crédito fiscal por impuesto extranjerothe deduction for foreign tax, which is cappedPhraseC2
El crédito fiscal por impuesto extranjero tiene un límite.The credit for foreign tax has a limit.
la retención en la fuentethe tax taken off at source before the money crosses the borderPhraseC2
La retención en la fuente se reduce por convenio.Withholding at source is reduced by treaty.
el beneficiario efectivothe person who really has use of the income, not merely receives itPhraseC2
El beneficiario efectivo debe ser quien realmente dispone.The beneficial owner must be the one who really has the use.
la sociedad instrumentalthe company put in the middle that adds nothing of its ownPhraseC2
La sociedad instrumental no aporta sustancia propia.The conduit company brings no substance of its own.
la búsqueda del convenio más favorablethe routing of a payment through a country with a better treatyPhraseC2
La búsqueda del convenio más favorable se combate con una cláusula general.Treaty shopping is fought with a general clause.
la cláusula de limitación de beneficiosthe clause that grants treaty relief only to those with real tiesPhraseC2
La cláusula de limitación de beneficios exige vínculos reales.The limitation on benefits clause requires real ties.
la prueba del propósito principalthe test that refuses the relief when the arrangement was made for itPhraseC2
La prueba del propósito principal deniega la ventaja buscada.The principal purpose test denies the advantage that was sought.
la transparencia fiscal internacionalthe rule that taxes the shareholder on income parked abroadPhraseC2
La transparencia fiscal internacional imputa la renta al socio.Controlled foreign company rules attribute the income to the shareholder.
la sociedad extranjera controladathe foreign company that is controlled from home and taxed therePhraseC2
La sociedad extranjera controlada tributa en el país del socio.The controlled foreign company is taxed in the shareholder's country.
el desajuste híbridothe arrangement that gets a deduction in one country and no tax in the otherPhraseC2
El desajuste híbrido deduce en un país sin gravar en el otro.The hybrid mismatch deducts in one country without taxing in the other.
la limitación a la deducción de interesesthe ceiling on how much interest may be set against profitPhraseC2
La limitación a la deducción de intereses fija un porcentaje del resultado.The limit on interest deduction sets a percentage of the result.
el impuesto de salidathe tax on gains not yet realised, charged when somebody leavesPhraseC2
El impuesto de salida grava la plusvalía no realizada.The exit tax charges the gain that has not been realised.
el tipo mínimo globalthe floor below which a group's tax rate may not fallPhraseC2
El tipo mínimo global se aplica por jurisdicción.The global minimum rate applies jurisdiction by jurisdiction.
el impuesto complementariothe extra tax collected to bring it up to that floorPhraseC2
El impuesto complementario recauda la diferencia hasta el mínimo.The top-up tax collects the difference up to the minimum.
la jurisdicción de baja tributaciónthe country whose rate is low enough to appear on an official listPhraseC2
La jurisdicción de baja tributación figura en una lista oficial.The low-tax jurisdiction appears on an official list.
el intercambio automático de informaciónthe sending of account data between tax authorities once a yearPhraseC2
El intercambio automático de información se hace una vez al año.The automatic exchange of information happens once a year.
la asistencia mutua en la recaudaciónthe help one state gives another in actually collectingPhraseC2
La asistencia mutua en la recaudación permite cobrar fuera.Mutual assistance in collection allows recovery abroad.
el procedimiento amistosothe procedure in which the two administrations talk to each otherPhraseC2
El procedimiento amistoso enfrenta a dos administraciones.The mutual agreement procedure brings two administrations together.
el arbitraje fiscal internacionalthe arbitration that opens when they cannot agreePhraseC2
El arbitraje fiscal internacional se abre si no hay acuerdo.International tax arbitration opens if there is no agreement.
la planificación fiscal agresivathe planning that is lawful and disputed at the same timePhraseC2
La planificación fiscal agresiva es legal y discutida a la vez.Aggressive tax planning is lawful and disputed at the same time.
la obligación de declarar mecanismosthe duty to report a scheme, which falls on the adviser tooPhraseC2
La obligación de declarar mecanismos recae también en el asesor.The duty to report arrangements falls on the adviser as well.
la cláusula general antiabusothe provision that ignores an arrangement made only for the taxPhraseC2
La cláusula general antiabuso ignora el montaje artificioso.The general anti-abuse clause disregards the artificial arrangement.
la sustancia económicathe real presence, measured in people and decisions takenPhraseC2
La sustancia económica se mide en personas y decisiones.Economic substance is measured in people and decisions.
el certificado de residencia fiscalthe paper from the tax office saying where somebody is residentPhraseC2
El certificado de residencia fiscal lo emite la administración.The certificate of tax residence is issued by the administration.
la neutralidad fiscal de la reestructuraciónthe reorganisation that triggers no tax, if there is a business reasonPhraseC2
La neutralidad fiscal de la reestructuración exige un motivo económico.A tax-neutral reorganisation requires a business reason.
Noun (f) (1)
la subcapitalizaciónthe funding of a company with loans where capital would be expectedNoun (f)C2
La subcapitalización sustituye capital por préstamo.Thin capitalisation replaces equity with a loan.
This list belongs to Money, finance and economy — 16 lists and 800 words that can also be practised as a whole.
Practise this list
From these 50 words, as many per round as you like — up to all of them: first what is due today, then new ones. First you choose, then you fill the gap, then you write it yourself. Mistakes come back again shortly.