Glossary entry

Hebrew term or phrase:

איחוד עוסקים

English translation:

Partnership for VAT purposes

Added to glossary by Michal Circolone
Mar 7, 2009 16:44
15 yrs ago
59 viewers *
Hebrew term

איחוד עוסקים

Hebrew to English Bus/Financial Business/Commerce (general)
המשפט במלואו:
מדווח לצורכי מע"מ באיחוד עוסקים:

מדובר במלל מתעודת זיכוי

Proposed translations

28 mins
Selected

Partnership for VAT purposes

איחוד עוסקים is a special patnership of separate עוסקים
ONLY for VAT reporting purposes.

(The עוסקים remain separate entities - not a "real" partnership)

It is used in farmers groups and in Kibbutzim.

You can learn about it in:
www.justice.gov.il/MOJHeb/RashamHachvarot/Shutfuyot/
www.mekler.co.il/doc.aspx?id=m2006056

In foreign countries it is used in the same way for the same organizations.
See here for example:
www.revenue.ie/en/about/foi/s16/vat/chpt-09/9-04.pdf
www.revenue.ie/en/tax/vat/leaflets/vat_milk.pdf

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Note added at 47 mins (2009-03-07 17:31:19 GMT)
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Interesting...

I just saw Bavel has already answered this one a while ago:

www.proz.com/kudoz/hebrew_to_english/accounting/1696114-מדו...

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Note added at 1 hr (2009-03-07 18:03:04 GMT)
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Well... Hebrew URL's...

This will work:
http://www.proz.com/kudoz/hebrew_to_english/accounting/16961...
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thanks very much!"
28 mins

Dealer's PartnershipUnion

I can't be sure, but I would have to make an educated guess, I would go with those options, and with Dealer's Partnership between the two.
Something went wrong...
3 hrs

Consortium of Licensed Traders/Registered Dealers

Licensed Dealer/Trader = עוסק מורשה
Registered Dealer/Trader = a general term for any kind of OSEK registered with the VAT authorities (incl. זעיר & פטור).
The context you gave suggests a consortium of Licensed Dealers/Traders.
Consortium = איחוד - an association of companies formed for a particular common issue/purpose. (Google "define: consortium" and you'll get plenty of similar answers ).
PS - Trader is the more commonly used term since it covers services as well as sales (like us translators).
Something went wrong...
+1
4 hrs

Joint registration

For VAT purposes 2 companies can file a joint return where there is common ownership. They also don't have to charge VAT between themselves
Peer comment(s):

agree Dorine Oz-Vermeulen
33 mins
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