afectar la revaloración del patrimonio hasta su concurrencia

14:55 Mar 4, 2011
Spanish to English translations [PRO]
Bus/Financial - Accounting / Tax law
Spanish term or phrase: afectar la revaloración del patrimonio hasta su concurrencia
La administración opta por reconocer la obligación en forma anual, inicialmente "afectando la revalorización del patrimonio hasta su concurrencia" y posteriormente contra las cuentas de resultado, en los términos previstos en el parágrafo transitorio que fue adicionado al artículo 78 del Decreto 2649 de 1993 por el Decreto 514 de 2010.

Se trata de diferentes casos para ilustrar la aplicación de un nuevo impuesto al patrimonio en Colombia.

Agradezco cualquier orientación, especialmente con lo relacionado a la parte de "hasta su concurrencia".
Giovanni Rengifo
Colombia
Local time: 19:15


Summary of answers provided
4[Management] has opted to post the restatement difference to equity for up to the full amount
Marian Greenfield
4against the revaluation of equity until such account is exhausted
Oksana Koukharenko


Discussion entries: 7





  

Answers


2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
[Management] has opted to post the restatement difference to equity for up to the full amount


Explanation:
That's kind of a quick and dirty translation without seeing more of the context.

Hope it helps.

Best,
msg

Marian Greenfield
Local time: 20:15
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 429
Notes to answerer
Asker: Thanks again Marian.

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2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
against the revaluation of equity until such account is exhausted


Explanation:
1. Revalovación del patrimonio: El artículo 90 del Decreto 2649 de 1.993 expresa: “La revalorización del patrimonio refleja el efecto sobre el patrimonio originado por la pérdida del poder adquisitivo de la moneda.
- hence, this is translated as "REVALUATION OF EQUITY".

2. Por una norma tributaria [ley 1111 de 2006], el impuesto al patrimonio se podía contabilizar contra la cuenta de revalorización del patrimonio. - see the second link.
In other words, the tax is booked against this revaluation account, until such account is "depleted", and then booked against capital gains,

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Note added at 2 hrs (2011-03-04 17:21:27 GMT)
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correction, the last phrase in the explanation: ...and then booked against the operating income


    Reference: http://www.actualicese.com/actualidad/2005/07/26/05115/
    Reference: http://www.gerencie.com/en-que-cambia-la-contabilizacion-del...
Oksana Koukharenko
Spain
Local time: 02:15
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in RussianRussian
PRO pts in category: 4
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