Glossary entry

Spanish term or phrase:

Régimen General de Personas Morales

English translation:

General [Tax] Regime for Legal Entities

Added to glossary by Taña Dalglish
Nov 5, 2015 10:21
8 yrs ago
188 viewers *
Spanish term

Régimen General de Personas Morales

Spanish to English Bus/Financial Finance (general) Tax regulations/ new tax schemes
Mexico. OK, so "Personas Morales" are legal entities (yes, I have consulted the glossaries) and I would normally have no qualms about translating Régimen General as "general regime", but what is puzzling me is why I can't find an "official" translation into English. If you click on the "English" link on the SAT website, it infuriatingly whisks me away to a page on tax issues for "extranjeros" rather than displaying a translated version (even an MT version would be better than nothing) of the "Régimen General de Personas Morales" page in question.

And if I run a Google search for "General Regime for Legal Entities" the only result I get is this:

http://www.mondaq.com/mexico/x/409180/Income Tax/Newsletter ...
Change log

Nov 7, 2015 17:56: Taña Dalglish Created KOG entry

Discussion

neilmac (asker) Nov 5, 2015:
Cheers Charles :) In general, I find that some people don't like using "regime" and prefer to use terms like "scheme/plan"etc.", so I'm still interested in input/opinions from other countries/jurisdictions.
Charles Davis Nov 5, 2015:
@Neil I wouldn't worry too much about "official" translations here. If you can't find one there probably isn't one, and anyway, as we all know, official translations are quite often rubbish anyway.

Here are a couple of alternatives with "legal person" to add to your collection:

"Fund profits are subject to the general income tax regime for legal persons" (re. Mexico)
http://us.practicallaw.com/6-521-7384?q=&qp=&qo=&qe=

"The general tax regime for legal persons applies only where the cooperative society does not fulfil conditions specific to cooperatives" (re. Italy)
http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:620...
neilmac (asker) Nov 5, 2015:
NB Am checking/correcting the translations in the alphabetical list, and this is the way I received the text. I hasten to add that I am not responsible for "General regimen of moral people"... :-)
neilmac (asker) Nov 5, 2015:
Context: this list: "CREDIT MEMO / NOTA DE CRÉDITO /
Digital stamp / Número de serie del certificado de sello digital del emisor:
Document date / Fecha de documento:
Document number / Número de documento:
each
g
General regimen of moral people / Régimen General de Personas Morales
Immediately / De inmediato
Importe con letra/Amount in letters:
Invoice number / Número de factura:
IVA Total:
kg ac. ing."

Proposed translations

+2
5 hrs
Selected

General [Tax] Regime for Legal Entities

As per references.



--------------------------------------------------
Note added at 2 days7 hrs (2015-11-07 17:56:15 GMT) Post-grading
--------------------------------------------------

Thanks again, Neil.
Peer comment(s):

agree Yvonne Gallagher
31 mins
Thank you Gallagy. Un abrazo.
agree Charles Davis
1 hr
Many thanks Charles. Un abrazo.
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thanks to everyone for ... "contributing" (groan)... ¡Hac¡enda somos todo/as!"
4 hrs

General income tax regime for corporations

my take
Peer comment(s):

neutral Charles Davis : Not all "personas morales" are corporations
1 hr
Associations and NGOs represent a nonexistent income tax base
Something went wrong...
6 hrs

General Tax System for Legal Entities

Otra opción que yo uso
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Reference comments

21 mins
Reference:

Refs. only

Neil: it is likely that there is no "official" translation into English. I don´t see an issue in using "general regime for legal entities", but I am not sure what you are really searching for.

I assume you saw this one which has "Legal Regime of Legal Entities" which would be redundant ("legal"):
http://www.proz.com/kudoz/spanish_to_english/law_taxation_cu...
and
http://www.proz.com/kudoz/spanish_to_english/government_poli...

I found these:
COMISIÓN FEDERAL DE ELECTRICIDAD - CFE
www.cfe.gob.mx/ingles/finance/Lists/.../CFEMar2015English05...
Apr 24, 2015 - With the enactment of the LCFE (LCFE-DOF 11/VIII/2014) and the resulting repeal of the
Electric Energy Public Service Law, the concept of public use tax provided for in Article
476 of this last body of laws disappears and, therefore, it is assumed that CFE as well as
its subsidiary and affiliate companies will start to meet their tax obligations in terms of
Title II of the Income Tax Law, which regulates the ***general regime of [for] legal entities***, in
accordance with the provisions of Article 4 of the LCFE. [for] is my doing.

Práctica de auditoria tributaria en México de los ... - OECD
www.oecd.org/ctp/transfer-pricing/48409681.pdf
Under this provision, the budget must identify, in general terms, .... The **tax regime for legal entities** covers commercial companies, civil associations of ... The SAT is a deconcentrated agency of the SHCP which is responsible for implementing ...
Note from asker:
Thanks for posting. I've now translated it as "General Regime for Legal Entities" and delivered it. At least it's no longer "General regimen of moral people"... :-)
PD: By "official" in cases like this I tend to mean "the most widely use and accepted" translation.
Peer comments on this reference comment:

agree Charles Davis : Yes. With the one Neil's already found, I would have no qualms about "general (tax) regime for legal entities".
11 mins
Thanks Charles. Nor would I. I think "General Tax Regime for Legal Entities" would suffice.
Something went wrong...
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