Glossary entry

Romanian term or phrase:

avantaj in natura net echiv brut

English translation:

benefit-in-kind, net for gross

Added to glossary by Elena
Apr 26, 2021 18:00
3 yrs ago
14 viewers *
Romanian term

avantaj in natura net echiv brut

Romanian to English Other Other
Bonus net / Bonus productiv 15
Bonus recom./Alte bonusuri 0
Nr tichete masa 5
Avantaj in natura net echiv brut 11000

Nu inteleg ce vrea sa spuna cu „net echiv brut”.
Proposed translations (English)
3 benefit-in-kind, net for gross

Proposed translations

3 hrs
Selected

benefit-in-kind, net for gross

if this is about the 'grossed-up cash equivalent' for tax purposes, then 11,000 Ley or Euros might be the net figure considered to include the tax total gross... e.g. grossed up to 12,000.

I know the tax score, but not the Romanian ...
Example sentence:

Cash Equivalents and Gross Versus Net Presentation: Issues and Examples

The employer calculates the tax due on the grossed-up value of the benefits in kind. A special class of NIC, Class 1B, is payable on the grossed-up value of the benefit.

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4 KudoZ points awarded for this answer. Comment: "Multumesc!"
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