![]() ( Learn how and when to remove this template message)Ī pre-money valuation is a term widely used in the private equity and venture capital industries. ( July 2008) ( Learn how and when to remove this template message) There might be a discussion about this on the talk page. ![]() An advance pricing arrangement may be unilateral involving one tax administration and a taxpayer or multilateral involving the agreement of two or more tax administrations.This article may be confusing or unclear to readers. ![]() method, comparables and appropriate adjustments thereto, critical assumptions as to future events) for the determination of the transfer pricing for those transactions over a fixed period of time. It typically includes expenses of the headquarters office and accounting expenses.ĪDMINISTRATIVE OFFICE - Office frequently located in a country other than that of the headquarters office, the parent company or country of operation.ĪDVANCE PRICING ARRANGEMENT (APA) - An arrangement that determines, in advance of controlled transactions, an appropriate set of criteria (e.g. This is a theoretical concept and no country uses it.ĪCCOUNTING PERIOD - A period of time used by taxpayer for the determination of tax liabilityĪCCOUNTS PAYABLE - A list of the debts currently owed by a person or business, mainly for the purchase of services, inventory, and suppliesĪCCOUNTS RECEIVABLE - A list of the money owed on current account to a creditor, which is kept in the normal course of the creditor's business and represents unsettled claims and transactionsĪCCOUNTING RECORDS - All documents and books used in the preparation of the tax return and all financial statements, including general ledger, subsidiary ledgers, sales slips, and invoices.ĪCCRUAL BASIS (ACCRUAL METHOD) - An accounting method whereby income and expense items are included in taxable income or expense as they are earned or incurred, rather than when they are received or paidĪD VALOREM TAX - A tax on goods or property expressed as a percentage of the sales price or assessed valueĪDMINISTRATIVE COMPANY - See: Service companyĪDMINISTRATIVE EXPENSES - Expenses that are not as easily associated with a specific function as are the direct costs of manufacturing and selling. In respect of VAT, tax would be computed as a percentage levy on the excess of sales over purchases. They are not considered to necessarily reflect official position of the OECD in interpreting international tax terms, for example, in the tax treaty context.Ī- B- C- D- E- F- G- H- I- J- K- L- M- N- O- P- Q- R- S- T- U- V- W- ZĪBATEMENT - A reduction in the assessment of tax, penalty or interest when it is determined the assessment is incorrectĪBUSE OF LAW - The doctrine which allows the tax authorities to disregard a civil law form used by the taxpayer which has no commercial basisĪCCELERATED DEPRECIATION - Method of depreciation under which taxpayers may allocate larger depreciation deductions to the first year or first few years of useful business assets, such as plant and machineryĪCCOUNTING BASIS - Method of calculating amounts subject to income tax and VAT. Green growth and sustainable developmentĭisclaimer: Explanations on the terms are very condensed and may not be complete.
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