Abbreviations

Which are important abbreviations in international tax planning?

The following are some abbreviations used commonly in international tax planning:

  • AStG Aussensteueurgesetz
  • BTW Omzetbelasting (VAT, Netherlands)
  • BV besloten vennootschap met beperkte aansprakelijkheid
  • BVI British Virgin Islands
  • CDT Consolidated Tax Decree (Italy)
  • CFC controlled foreign company
  • CFO chief financial officer
  • CGI . Code Generate des Impots (France)
  • CIR Code des Impdts sur les Revenus (Belgium)
  • CP cost plus
  • CRA Canada Revenue Agency
  • CUP comparable uncontrolled price
  • EBT employee benefit trust
  • ECJ European Court of Justice
  • FAPI foreign accrual property income
  • FATF Financial Action Task Force
  • FAPT foreign asset protection trust
  • FIE foreign income exemption
  • FOB’ free on board
  • FURBS funded unapproved retirement benefit scheme
  • GAAP generally accepted accounting Principles
  • GAAR general anti-avoidance rules
  • GIE groupement d’interet economique
  • GST Goods and Services Tax (Australia, Canada)
  • HMRC Her Majesty’s Revenue and Customs
  • ICTA Income and Corporation Taxes Act 1988 (UK)
  • IFS International Fiscal Services
  • IR Inland Revenue
  • IRC Internal Revenue Code
  • IRS Internal Revenue Service (US)
  • ITEPA Income Tax (Earnings and Pensions) Act 2003 (UK)
  • ITTA Income Tax Assessment Act 1936 (Australia)
  • ITTOIA Income Tax (Trading and Other Income) Act 2005 (UK)
  • KStR Korperschaftsteuer-Richtlinien
  • LLC limited liability company
  • LLP limited liability partnership
  • LOB limitation on benefits
  • LP limited partnership
  • MARD Mutual Assistance Recovery Directive (Council Directive 76/308/EEC)
  • MEC modified endowment contract
  • MLR Money Laundering Regulations 2003 (UK)
  • MLRO money laundering reporting officer
  • NAFTA North American Free Trade Association
  • NCIS National Criminal Intelligence Service
  • NIC national insurance contribution
  • NV naamloze vennootschap
  • OECD Organisation for Economic Co-operation and Development
  • OEIC open-ended investment company
  • PAYE Pay As You Earn
  • PCC protected cell company
  • PE permanent establishment
  • POCA Proceeds of Crime Act 2002 (UK)
  • PPB personal portfolio bond
  • PS profit split
  • RP resale price
  • RST retail sales tax
  • SA societe anonyme; South Africa
  • SAR suspicious activity report
  • SCI societe civile immobiliere
  • SDLT stamp duty land tax
  • SIPP self-invested pension scheme
  • SpA Societa per azioni
  • SPV special-purpose vehicle
  • STAR Special Trusts (Alternative) Regime (Law of 1997)
  • TCGA Taxation of Chargeable Gains Act 1992 (UK)
  • TNM transactional net margin
  • TVA taxe sur la valeur ajoutee
  • UNI undistributed net income
  • VAT value added tax
  • VISTA Virgin Islands Special Trusts Act (Law of 2003)

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