company's taxable assets

[Maria.k]

what are company's taxable assets?

[Joost Rietveld]

Hi Maria, welcome to HL.

 

Could you provide some context please? 

[Maria.k]

29 minutes ago, Joost Rietveld said:

Hi Maria, welcome to HL.

 

Could you provide some context please? 

Hi Joost,Thanks.

Context about our business or my question?

[Joost Rietveld]

Both would help

[Maria.k]

13 hours ago, Joost Rietveld said:

Both would help

Hi Joost

We have B.V company which  work in dairy industry field.

About my question in  corporate tax return form  (vennootschapsbelasting)  I saw a question

Wat was het fiscale ondernemingsvermogen aan het einde van het vorige boekjaar? the english translate was

What was the company's taxable assets at the end of the previous financial year?

I want to know what the question mean exactly and which data have to write for this question?

 

[Joost Rietveld]

There you go: this I can answer ;)

 

The translation, as often is the case with tax lingo, is inaccurate. It should have read:

"What is the company's total equity at the end of the previous fiscal year?"

Equity is the sum of: nominal share capital + share premiums + profit reserves.

 

Basically it's the total amount on the credit side of your balance sheet minus the long term and short term debts.

[Maria.k]

Thanks for your explanation.

I got it well.