Abbreviations
BEPS | Base Erosion and Profit Shifting |
CbC | Country-by-Country |
CbCR | CbC Reporting |
CEs | Constituent Entities |
CFC | Controlled foreign company |
CFS | Consolidated Financial Statements |
CIT | Corporate income tax |
DCE | Designated Constituent Entity |
DMTT | Domestic Minimum Top-Up Tax |
DTA | Deferred Tax Asset |
DTL | Deferred Tax Liability |
ER(s) | Executive Regulation(s) |
ETR | Effective tax rate |
FANIL | Financial Accounting Net Income Loss |
FS | Financial Statement |
FX | Foreign exchange |
FXGL | Foreign currency gains or losses |
GAAP | General accepted accounting principles |
GIR | GloBE Information Return |
GloBE | Global Anti-Base Erosion |
IAS | International Accounting Standards |
IFRS | International Financial Reporting Standards |
IIR | Income Inclusion Rule |
IPE | Intermediate Parent Entity |
JV(s) | Joint Venture(s) |
LTCE | Low-Taxed Constituent Entity |
MNE | Multinational Enterprise |
MOCE | Minority-Owned Constituent Entity |
MOF | Ministry of Finance |
NBV | Net Book Value |
OCI | Other comprehensive income |
OECD | Organization for Economic Co-operation and Development |
PE | Permanent Establishment |
POPE | Partially Owned Parent Entity |
QRTC | Qualified Refundable Tax Credit |
SWF | Sovereign Wealth Fund |
TCSH | Transitional CbCR Safe Harbors |
TGC | Tax Grievance Committee |
UPE | Ultimate Parent Entity |