Intercompany transaction

(redirected from Inter-Company Transaction)

Intercompany transaction

Transaction carried out between two units of the same corporation.

Intercompany Transaction

A transaction that occurs between two companies. For example, if a supplier sells to a retailer, this is said to be an intercompany transaction. It should not be confused with an intracompany transaction.
References in periodicals archive ?
52 million (net of inter-company transaction of OMR2.
16 of the OECD transfer-pricing guidelines confirms helpfully that the amount and type of documentation relevant to any particular inter-company transaction depends on the facts and circumstances of each case.
Therefore, for insurance regulatory purposes, the inter-company transaction is considered insurance.
The financial statements are being restated to correct an accounting error relating to an inter-company transaction.
The partnership combines Genpact's record-to-report process and domain-specific F&A expertise with BlackLine's unified SaaS (Software as a Service) platform to provide a transformative end-to-end Business Process as a Service (BPaaS) solution designed to help global enterprises automate and optimize account reconciliation, manual journals, inter-company transactions, and traditional manual financial close processes -- and eventually, additional critical processes across their entire finance and accounting (F&A) organizations.
In future, countries may have more rights to ignore contrived inter-company transactions created to shift profits offshore.
Under an APA, a multinational taxpayer enters into an agreement with one or more tax authorities regarding the appropriate set of criteria to determine the pricing of various inter-company transactions over a defined period of time.
Even if your inter-company transactions are less than $1 million per year, you still need to establish that you're using arm's length prices.
The variety of inter-company transactions, increased global business restructuring and location of companies in various tax jurisdictions have brought several challenges to the tax administration on transfer pricing rules," he added.
We have sought out a strategic market-leading solution that will give us the flexibility to tailor solutions for our clients that continue to meet the growing complexity of the real estate funds industry - whether that is supporting the processing of high volume cash flows from a large property portfolio with multiple tenants, or symmetrical processing of inter-company transactions," Cherecwich said.
The fraud was centred on false sales documents and a web of inter-company transactions designed to deceive factoring companies into providing finance to the Ravelle Group.
KPMG Fakhro recommends companies should take a systematic approach to setting and documenting inter-company transactions, identifying those that may be likely to attract a tax authority's interest, preparing the necessary documentation, including a well-argued transfer pricing policy document, and deciding what their objectives might be.

Full browser ?