IBFD International Tax Glossary. Front Cover · International Bureau of Fiscal Documentation. IBFD, – Taxation – pages. Get this from a library! IBFD international tax glossary. [Julie Rogers-Glabush;]. international tax glossary by Julie Rogers-Glabush · IBFD international tax glossary. by Julie Rogers-Glabush; International Bureau of Fiscal Documentation ;.

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A trade often implies a skilled handicraft, which is pursued on a continuing basis, such as carpentry.

Your request to send this item has been completed. In other words, the base on which a surcharge is assessed is the normal or basic amount due. This is equivalent to the tax on dividends which would be due if the branch had been a subsidiary see: This adjustment would be made before the tax return is filed.

IBFD International Tax Glossary, 7th Edition | Book – IBFD

Sometimes referred to as capital gearing or leveraging. In respect of VAT, tax would be computed as a percentage levy on the excess of sales over purchases.

The term usually refers internatoinal net working capital, that is, current asset minus current liabilities.

Remember me on this computer. They take the form of additions to the tax and are assessed as part of the tax. Please choose whether or not you want other users to be able to see on your profile that this library is a favorite of yours.

Usually a resident taxpayer is taxed on a wider range of income or other taxable items than a non-resident. Whether premiums paid to captive insurance companies are recognized as business expenses depends on the country in question. Eurodollars are used by foreign banks as a method of financing loans to other local or foreign banks or to commercial borrowers.

Free access to IBFD Online Tax Glossary – IBFD

For example, under tax treaties, reduced interjational tax rates often apply to dividends, interest and royalties. In many countries the gratuitous transfer of property is subject to a gift tax.


The inventor of a new article or process usually registers his invention with a government department which confers on him the sole right known as a patent right to use the invention for a limited period of time. It is a contribution to capital and not taxed as profits. A unique list of tax-related organizations in 40 countries, with brief descriptions and Internet addresses. The portfolio interest exemption does not apply to bank loans made in the ordinary course of business. The decisive criterion is whether the activity of the fixed place of business in itself forms an essential and significant part of the activity of the enterprise as a whole.

There is usually a deduction for the individual himself, spouse, children and other dependents. Interest is credited on the deposit by the Inland Revenue. Exemptions may be given for social, economic or other reasons. The lessee is regarded as the glosary of the leased assets. However, formatting rules can vary widely between applications and fields of interest or study.

Finding libraries that hold this item The extent of a person’s beneficial ownership of a particular asset.

IBFD international tax glossary

The ta includes the process by which corporation add credits e. In the case of indirect internatioonal tax is normally intended to fall upon consumption and knternational borne by consumers, so that entrepreneur who pays the tax on his supplies of goods and services in general passes on the tax, or “shifts” it “forward” to the consumer by adjusting his prices appropriately.

The role of tax authorities is to check perhaps in random cases that the taxpayer has correctly disclosed his income. Dependent agency constitutes a permanent establishment for the other company and the income achieved through the agency is taxed on the income earned from the country where the agency is located whereas independent agency does not.

In the second stage, any residual profit or loss remaining after the first stage division would be allocated among the parties based on an analysis of the facts and circumstances that might indicate how this residual would have been divided between independent enterprises.


Centre for Tax Policy and Administration

Please create a new list with a new name; move some items to a new or existing list; or delete some items. She was formerly a tax litigator for the Federal Department of Justice in Canada, eventually starting her own tax law firm, Rogers-Glabush Law Office in Preview this item Yax this item. Thus, the basic return would generally not account for the return that would be generated by any unique and valuable assets possessed by the participants.

This rule doesn’t prescribe priorities between various methods. S government that prints the regulations of the various governmental agencies. WorldCat is the world’s largest library catalog, helping you find library materials online.

Such relief may be given either under a tax treaty or in accordance with unilateral provisions. A general partnership is characterized by the unlimited liability of the general partners for partnership debts.

You already recently rated this item. A number of countries have special regime for the taxation of offshore banks. Multilingual list of key tax terms covering the following languages: Repatriation also takes place when expatriate employees working in a foreign country want to send income to their home country.

Adobe Digital Editions is required. Forms are designed to facilitate the task of the tax authorities in assessing and collecting tax, and will usually draw the taxpayer’s attention to any relief he may claim, etc. Fringe benefits may be given in the form of a money allowance, e. Rates are levied on the occupiers of real property on the basis of the annual rental value of the property.

They are not considered to necessarily reflect official position of the OECD in interpreting international tax terms, for example, in the tax treaty context. The E-mail message field is required.