Sentences with phrase «intercompany transactions»
"Intercompany transactions" refers to any financial activities or transactions that occur between two or more companies within the same corporate group or organization. These transactions can include the buying and selling of goods or services, loans, investments, or any other monetary exchanges between these affiliated companies. Full definition
Taxpayers are required to file a T106 if the combined dollar value of intercompany transactions is greater than $ 1 million.
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The transfer pricing penalty provision is aimed at balancing the «reasonable efforts» made by taxpayers in setting and documenting arm's length terms and conditions for intercompany transactions rather than focusing solely on accuracy.
Build strong relationships with 30 + WPP partner agencies to report intercompany transactions by ensuring proper recording, reconciling, and settlement of balances
Taxpayers must make reasonable efforts to set and document arm's length terms and conditions regardless of the size of their intercompany transactions.
However, a transfer pricing penalty could be applied even if the taxpayer's intercompany transactions are lower than this de minimis exception
Lately and most commonly, the base erosion and profit shifting project being analysed by the Mexican taxing authorities, bring into play all the intercompany transactions and payments.
Be responsible for managing the accuracy and productivity of day - to - day activities of accounts payable, cash receipts and disbursements, daily cash, fixed assets, intercompany transactions, accruals, allocations, purchase card administration, general accounting activities, cash forecasting, and month - end close for the company.
Will be responsible for managing the accuracy and productivity of day - to - day activities of accounts payable, cash receipts and disbursements, daily cash, fixed assets, intercompany transactions, accruals, allocations, purchase card administration, general accounting activities, cash forecasting, and month - end close for the company.
Serve as a point person for preparing monthly journal entries, the reconciliation of G / L accounts and intercompany transactions.
Performed daily cash management functions including as multiple entities, intercompany transactions, and eliminations.
The closing and intercompany transactions.