Glossary entry (derived from question below)
English term or phrase:
severance tax
Dutch translation:
cijns
May 12, 2009 13:55
15 yrs ago
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English term
severance tax
GBK
English to Dutch
Bus/Financial
Law: Taxation & Customs
Definition from
VentureLine:
Severance tax is a tax levied on production of natural resources taken from land or water bottoms within the territorial boundaries of a state.
Example sentences:
States often favor severance taxes over alternative sources of government revenue because much of the severance tax burden is transferred out of the state. ‘Exporting’ the tax burden is achieved, for example, if a relatively small portion of the oil pumped from an oil-abundant state is used in that state or if out-of-state companies own oil production. (The University of Utah)
A severance tax can provide local jurisdictions with additional revenues to finance economic development, yet the imposition of a tax may create coal industry employment losses. (ScientificCommons)
The change in severance tax cannot, of course, take place in isolation. It should be carried out in conjunction with the other elements of the tax system, i.e. export duties and excise taxes. (OIL OF RUSSIA)
Change log
May 12, 2009 13:47: changed "Kudoz queue" from "In queue" to "Public"
May 12, 2009 13:55: changed "Stage" from "Preparation" to "Submission"
May 15, 2009 13:56: changed "Stage" from "Submission" to "Selection"
Jun 11, 2009 14:03: Esteban Toribio (X)
Oct 1, 2009 12:54: changed "Stage" from "Selection" to "Completion"
Proposed translations
+2
10 days
Selected
cijns
Definition from
online juridisch woordenboek:
cijns: 1 schatting, belasting 2 grondrente of erfpacht.<br /><br />Definitie NL: "De cijns wordt vastgesteld op een percentage van de marktwaarde (...) van de be- en verwerkte metalen afkomstig uit de metaalknollen die uit het door het contract bestreken gebied worden gewonnen."<br />Definitie EN: "The production charge shall be fixed at a percentage of the market value (...) of the processed metals produced from the polymetallic nodules recovered from the area covered by the contract."<br /><br />Severance tax definition:<br />n.<br />A tax imposed by a state on the extraction of natural resources, such as oil, coal, or gas, that will be used in other states. More details at:<br /><b><a href="http://www.ncsl.org/programs/fiscal/severtax05.htm" rel="nofollow noopener" target="_blank">http://www.ncsl.org/programs/fiscal/severtax05.htm</a></b>
Example sentences:
Production permit: · Surface rights · Severance tax (Cijns) · Corporation tax · Royalty · Provincial fee (Netherlands Oil and Gas Portal)
Winningsvergunning: · Oppervlakterecht · Cijns · Vennootschapsbelasting · Winstaandeel · Afdracht aan de provincie (Netherlands Oil and Gas Portal)
Niet belasting middelen bestaande uit: bonus, oppervlakterechten, cijns, winstaandeel, de bijzondere afdrachten aan de Staat over de productie uit het Groningen veld en de winstuitkeringen van Energie Beheer Nederland B.V., die namens de Staat in de winning deelneemt. (NL Ministerie van Economische Zaken)
4 KudoZ points awarded for this answer.
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