Glossary entry

Spanish term or phrase:

Impuesto neto de renta

English translation:

Net income tax

Added to glossary by wendy griswold
Jun 12, 2021 15:44
2 yrs ago
30 viewers *
Spanish term

Impuesto neto de renta

Spanish to English Bus/Financial Law: Taxation & Customs term on Colombian tax return
Form 110 for year 2016, Colombia. Line 71, "Impuesto neto de renta"
Comes after "Descuentos tributarios" and before "impuesto de ganacias ocasionales"
Proposed translations (English)
3 +5 Net income tax
4 -1 net taxable income tax

Proposed translations

+5
49 mins
Selected

Net income tax

First thing sprang to mind, and Google agrees.
The Investopedia definition calls it "net of tax".
"In general, 'net of' refers to a value found after expenses have been accounted for. Therefore, the net of tax is simply the amount left after taxes have been subtracted."
So it means Income Tax (net of tax credits) , but that is rather long, so Net income tax is the heading I normally use.
Cf. "gross income tax"
https://context.reverso.net/translation/english-spanish/gros...
Peer comment(s):

agree AllegroTrans
1 hr
I'm submitting my annual return today, as it happens... :/
agree David Hollywood
11 hrs
Cheers :-)
agree James Swan
19 hrs
Cheers, "Hacienda somos todos".... :)
agree Catalina von Wichmann
1 day 23 hrs
agree Edward Potter : It can be no other.
3 days 22 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Many thanks"
-1
43 mins

net taxable income tax

I found a link to the PDF version of the form [https://www.dian.gov.co/atencionciudadano/formulariosinstruc...]. The box in question corresponds to 83 - 84 (or Total impuesto sobre las rentas líquidas gravables minus Descuentos tributarios), which is net taxable income tax.

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Note added at 47 mins (2021-06-12 16:31:16 GMT)
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In the 2020 form it is 83 - 84. In the 2016 form it is 69-70=71

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Note added at 1 day 19 hrs (2021-06-14 11:33:07 GMT)
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I need to drop 'tax' at the end of the term, so the term is net taxable income.
Example sentence:

There are also other earnings, depending on certain conditions established by legislation, which can be considered as partially tax exempt.

Peer comment(s):

disagree AllegroTrans : Contradiction in terms: income is taxable, not the income tax
1 hr
Something went wrong...
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