Glossary entry

English term or phrase:

tax cutoff cumulative

Polish translation:

podatek według progu podatkowego narastająco

Added to glossary by Tusia1
Oct 16, 2022 16:13
1 yr ago
8 viewers *
English term

tax cutoff cumulative

English to Polish Bus/Financial Accounting payslip
Z irlandzkiego odcinka wypłaty. Pod nagłówkiem: Tax/PRSI następujące wpisy:
Tax status N
tax credit
tax cutoff cumulative
tax credit cumulative
PRSI code
etc

Proposed translations

1 day 16 hrs
Selected

podatek według progu podatkowego narastająco

podatek według stawki/progu podatkowego narastająco

Prawdopodobnie chodzi o pierwszy próg podatkowy 20%
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Cumulative - chodzi o to, że podatek od wynagrodzenia naliczany jest narastająco od początku roku.
https://www.proz.com/kudoz/english-to-polish/finance-general...

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...kwota, jaką podatnik jest zobowiązany zapłacić irlandzkiemu fiskusowi, jest uzależniona od:
progu podatkowego (cut-off point): w Irlandii obowiązują dwa progi podatkowe - 20 proc. dla osób stanu wolnego, których zarobki nie przekraczają 34 tys. euro oraz 41 proc. dla osób, których dochód jest wyższy niż 34 tys. euro; w przypadku małżeństw pierwszy próg podatkowy wynosi 43 tys. euro.

[kwoty w euro/stawki mogą są obecnie nieaktualne - stary artykuł]
https://ksiegowosc.infor.pl/wiadomosci/66452,Ulgi-prorodzinn...

Obecnie Standard rate cut-off points to 20% i 40%. Kwota pierwszego progu podatkowego to €36,800 dla osoby samotnej - do tej kwoty podatek naliczany jest w wysokości 20%, a powyżej w wysokości 40%. Oczywiście kwotę główną i podatek można pomniejszyć przez odliczenia od dochodu czy podatku, tak jak w każdym innym kraju, ale to nieco inny temat.

https://www.citizensinformation.ie/en/money_and_tax/tax/inco...
https://www.revenue.ie/en/employing-people/paying-an-employe...

https://www.proz.com/kudoz/english-to-polish/finance-general...

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Note added at 1 day 16 hrs (2022-10-18 08:48:05 GMT)
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Your taxable pay is then taxed at 20% of income below the standard rate cut-off point. The amount in excess of the cut-off point is taxed at 40%.
...
The first part of your income, up to a certain amount, is taxed at 20%. This is known as the standard rate of tax and the amount that it applies to is known as the standard rate tax band.

The remainder of your income is taxed at the higher rate of tax, 40%.
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4 KudoZ points awarded for this answer. Comment: "Dziękuję bardzo"
3 hrs

próg (wyższej) stopy podatkowej od całkowitego dochodu

The standard rate cut off point will be increased by €3,200 to €40,000, with proportionate increases for married couples and civil partners.

The decision to raise the entry point to the higher rate of income tax rewards middle-income earners who have shouldered more than their fair share of the burden of our highly progressive tax system over recent years," said Colm Browne, President of the Irish Tax Institute.

https://www.rte.ie/news/2022/0927/1325752-budget-2023-person...
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An employee’s tax is generally calculated on a cumulative basis. Cumulative tax is the tax due on an employee’s total income from 1 January to the current date. The tax due for any pay period is the cumulative tax payable less the tax already deducted during that year.

You tax an employee on a cumulative basis when you have received a cumulative Revenue Payroll Notification (RPN) for them. The RPN shows an employee’s yearly:

tax credits and rate bands
Universal Social Charge (USC) cut-off points
any Local Property Tax (LPT) to be collected.
If an employee worked previously in the year, the RPN also shows their previous income and tax and USC paid. You take these figures into account when using the cumulative basis.

https://www.revenue.ie/en/employing-people/paying-an-employe...
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Reference comments

3 hrs
Reference:

PRSI

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