Glossary entry (derived from question below)
Greek term or phrase:
Κάλυψη τεκμηρίου δαπάνης
English translation:
Presumed expenses coverage
Added to glossary by
Katerina Bamboulis
Jan 29, 2013 17:07
11 yrs ago
2 viewers *
Greek term
ALSO A LANGUAGE TEACHER
Native in: English 
Works in: Greek to English, English to Greek
Κάλυψη τεκμηρίου δαπάνης
Greek to English
Law/Patents
Law: Taxation & Customs
Κάλυψη τεκμηρίου δαπάνης.
Proposed translations
42 mins
Dimitris Mantas
Greece
Greece
Native in Greek
Greece
MSc in Translation|MCIL|ATA|Since 2005
Native in: Greek (Variant: Modern) 
Works in: English to Greek, Greek to English
Related KudoZ points
:
4
Selected
Presumed expenses coverage
http://www.greeklawyersonline.gr/greeklawyer/view/estate_tax...
The expenses may include: a) presumed expenses that each taxpayer is considered to have acquired from ownership rights or use of certain assets, such as the possession of a secondary residence in Greece, of size larger than 150sq.m.; possession of a private car; possession of yachts, aircrafts, etc... or b) actual expenses, made for the acquisition of assets, allowance of loans, gifts, repayment of loans.
For foreign residents, the expenses will be taken into consideration only in case that the expenses were performed in Greece, or in case that the acquired property is located in Greece and generally only in case that there is a connection between the expenses or the object for which expenses have been performed, within Greece.
The difference between the total expenses (presumed or actual) and the total net income of the taxpayer and his wife which is declared in Greece and taxed, consists the difference in expenses.
**The taxpayer is invited to cover or to reduce this difference by declaring certain income (mainly but not limited to through bank accounts, capital accumulated from past years, import of currency in Greece, loans etc), in order to be taxed on his actual income and not on the presumed.**
http://www.google.gr/search?hl=el&source=hp&q="justify the p...
http://www.google.gr/search?hl=el&source=hp&q="justify the p...
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Note added at 1 hr (2013-01-29 18:21:16 GMT)
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ή και presumed expenditure coverage
http://www.google.gr/search?hl=el&source=hp&q="presumed expe...
The expenses may include: a) presumed expenses that each taxpayer is considered to have acquired from ownership rights or use of certain assets, such as the possession of a secondary residence in Greece, of size larger than 150sq.m.; possession of a private car; possession of yachts, aircrafts, etc... or b) actual expenses, made for the acquisition of assets, allowance of loans, gifts, repayment of loans.
For foreign residents, the expenses will be taken into consideration only in case that the expenses were performed in Greece, or in case that the acquired property is located in Greece and generally only in case that there is a connection between the expenses or the object for which expenses have been performed, within Greece.
The difference between the total expenses (presumed or actual) and the total net income of the taxpayer and his wife which is declared in Greece and taxed, consists the difference in expenses.
**The taxpayer is invited to cover or to reduce this difference by declaring certain income (mainly but not limited to through bank accounts, capital accumulated from past years, import of currency in Greece, loans etc), in order to be taxed on his actual income and not on the presumed.**
http://www.google.gr/search?hl=el&source=hp&q="justify the p...
http://www.google.gr/search?hl=el&source=hp&q="justify the p...
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Note added at 1 hr (2013-01-29 18:21:16 GMT)
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ή και presumed expenditure coverage
http://www.google.gr/search?hl=el&source=hp&q="presumed expe...
4 KudoZ points awarded for this answer.
Comment: "σας ευχαριστώ"
14 hrs
Meeting (or coverage of) imputed taxable income relating to an expense.
The meaning of "Κάλυψη τεκμηρίου" as given in the Λεξικό Λογιστικής του Κων. Κάντζου is "meeting of imputed taxable income". So, it follows that "Κάλυψη τεκμηρίου δαπάνης" probably means "meeting (or coverage of) imputed taxable income relating to an expense".
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Note added at 16 hrs (2013-01-30 09:28:43 GMT)
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Such expenses may be:
a) imputed, that is, expenses presumed to have been incurred by the taxpayer
on the basis, at first, of ownership or possession of certain assets, e.g. expenditure
on the basis of the paid or imputed rental (owner-occupancy) for a secondary
residence in Greece over 150 square meters, expenditure on the basis of ownership
or possession of a private passenger car or aircraft, etc.,
b) real expenses, that is, on the basis of the expenses for acquisition of
assets, granting of loans, donations, repayment of loans, etc.
It is clear that, in respect of residents abroad, a criterion for the application of
the aforesaid presumptions (imputed-real expenses) to them is either that the said
expenses are incurred in Greece or the object of the transaction, etc. is located in
Greece or services are rendered in Greece and, in general, that there is a relation, in
any manner, between the expense or its object and Greece.
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Note added at 16 hrs (2013-01-30 09:36:36 GMT)
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Imputed versus actual income
Legal provisions designed to prevent tax evasion specify that individuals are taxed on their declared income or imputed income, whichever is highest. Income is imputed on the basis of living expenditure or acquisition of certain assets. The main factors considered in imputing income from living expenses or acquisitions are the engine size of owned motor vehicles, repayment of loans or credits, the purchase of real estate, the construction of buildings, the cost of operating pleasure boats, aircrafts and helicopters, rent paid and deemed rental income for primary residence exceeding 200 sq.m. and for a secondary residence exceeding 150 sq.m. in size, the construction maintenance and use of a swimming pool and similar expenditures.
Income thus imputed will constitute taxable income if it is more than 20% of the declared family income (that of the taxpayer, his spouse and his dependants), unless there is evidence that the difference between the imputed income and the declared income is covered by borrowing, or savings that have been taxed or exempted from tax in the past, from gifts which have been subjected to or exempted from gift tax, from income taxed abroad (or exempted) and imported to Greece, and the like.
--------------------------------------------------
Note added at 16 hrs (2013-01-30 09:28:43 GMT)
--------------------------------------------------
Such expenses may be:
a) imputed, that is, expenses presumed to have been incurred by the taxpayer
on the basis, at first, of ownership or possession of certain assets, e.g. expenditure
on the basis of the paid or imputed rental (owner-occupancy) for a secondary
residence in Greece over 150 square meters, expenditure on the basis of ownership
or possession of a private passenger car or aircraft, etc.,
b) real expenses, that is, on the basis of the expenses for acquisition of
assets, granting of loans, donations, repayment of loans, etc.
It is clear that, in respect of residents abroad, a criterion for the application of
the aforesaid presumptions (imputed-real expenses) to them is either that the said
expenses are incurred in Greece or the object of the transaction, etc. is located in
Greece or services are rendered in Greece and, in general, that there is a relation, in
any manner, between the expense or its object and Greece.
--------------------------------------------------
Note added at 16 hrs (2013-01-30 09:36:36 GMT)
--------------------------------------------------
Imputed versus actual income
Legal provisions designed to prevent tax evasion specify that individuals are taxed on their declared income or imputed income, whichever is highest. Income is imputed on the basis of living expenditure or acquisition of certain assets. The main factors considered in imputing income from living expenses or acquisitions are the engine size of owned motor vehicles, repayment of loans or credits, the purchase of real estate, the construction of buildings, the cost of operating pleasure boats, aircrafts and helicopters, rent paid and deemed rental income for primary residence exceeding 200 sq.m. and for a secondary residence exceeding 150 sq.m. in size, the construction maintenance and use of a swimming pool and similar expenditures.
Income thus imputed will constitute taxable income if it is more than 20% of the declared family income (that of the taxpayer, his spouse and his dependants), unless there is evidence that the difference between the imputed income and the declared income is covered by borrowing, or savings that have been taxed or exempted from tax in the past, from gifts which have been subjected to or exempted from gift tax, from income taxed abroad (or exempted) and imported to Greece, and the like.
Example sentence:
Imputed income is income that may not be seen as cash, but instead comes in the form of a benefit...sometimes by having another pay an expense...sometimes by having a benefit provided
The value of a car provided by your employer that you may use for personal use. That value is imputed income.
Reference:
http://greece4life.com/taxation-of-individuals
http://www.gsis.gr/forologikos_odigos/xrisimes_plirofories/genikes_plirofories/fylladio-english.pdf
3 days 18 hrs
Pauline Alexiou
Native in English
Accurate, speedy freelance translations
Native in: English (Variants: British, Australian)
Works in: Greek to English, German to English
to) substantiate presumed expenditure
In accordance with the "τεκμηρίο" the declared taxable income must be enough to substantiate the presumed expenditure .
Example sentence:
The declared taxable income is sufficient to substantiate the presumed expenditure.
Discussion
Is this the same as saying 'estimated income'?? Thanks.