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Glossary entry

Norwegian term or phrase:

bundne skattetrekksmidler

English translation:

reserved withholding tax / tax deductions

Added to glossary by Tore Bjerkek
Mar 19, 2004 10:39
20 yrs ago
8 viewers *
Norwegian term

bundne skattetrekksmidler

Norwegian to English Bus/Financial Accounting Notes to accounts
Company's annual report/Notes to the accounts

Bankinnskudd

Bundne skattetrekksmidler utgoer: NOK xxx
Proposed translations (English)
3 reserved withholding tax / tax deductions
5 locked-up tax capital
3 tied-up/restricted-use/ tax withholding (P.A.Y.E. etc) funds

Proposed translations

2 hrs
Selected

reserved withholding tax / tax deductions

I henhold til skattebetalingsloven skal arbeidsgiveren senest første virkedag etter lønnsutbetalingen sette trekkbeløp inn på særskilt bank- eller postgirokonto for skattetrekk, og holde beløpet innsatt inntil det skal innbetale
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3 KudoZ points awarded for this answer. Comment: "Thanks very much"
9 mins

locked-up tax capital

Please see references!
Reference:

http://www.uninett.no/publikasjoner/arsrapport/1996/regnskap.html

http://www.uninett.no/publikasjoner/arsrapport/1996/regnskap.en.html

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9 hrs

tied-up/restricted-use/ tax withholding (P.A.Y.E. etc) funds

Good explanation above.

Like ACT - advance corporation tax - the money is tied up, but at the bank, to pay the tax bill.
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