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