Glossary

Acronyms

ATAD: Anti-tax Avoidance Directive
BEPS: Base Erosion and Profit Shifting
CBI: Citizenship By Investment
CFC: Controlled Foreign Corporation
CGT: Capital Gains Tax
CIT: Corporate Income Tax
CMC: Central Management and Control
DTA: Double Taxation Agreement
DTT: Double Taxation Treaty
EE: Employee
EI: Employment Insurance
EM: Emerging Market
EMI: Electronic Money Institution
ER: Employer
FMV: Fair Market Value
FX: Foreign Exchange
FY: Fiscal Year
HNWI: High-net-worth Individual
IP: Intellectual Property
NMW: National Minimum Wage
PIT: Personal Income Tax
POEM: Place of Effective Management
PR: Permanent Residency
RA: Revenue Agency
RS: Revenue Service
SMB: Small and Medium-sized Business
SME: Small and Medium-sized Enterprise
SSC: Social Security Contributions
TIEA: Tax Information Exchange Agreement
TIN: Tax Identification Number
TR: Tax Residency
TRC: Tax Registration Certificate
UBO: Ultimate Beneficial Owner
WHT: Withholding tax
WTH: Withholding (i.e. WTH tax)

Countries and currencies

Hint: country code is usually the same as its domain extension (TLD).

AL: Albania - ALL (lek)
BG: Bulgaria - BGN (lev)
CY: Cyprus - EUR
GE: Georgia - GEL (lari)
GR: Greece - EUR
HU: Hungary - HUF (forint)
IT: Italy - EUR
MY: Malaysia - MYR (ringgit)
PH: Philippines - PHP (peso)
PL: Poland - PLN (zloty)
PT: Portugal - EUR
RO: Romania - RON (leu)
SI: Slovenia - EUR

Tax agencies

IRS: Internal Revenue Service (US)
CRA: Canada Revenue Agency (CA)
ATO: Australian Taxation Office (AU)
IRD: Inland Revenue Department (NZ)
HMRC: Her Majesty's Revenue and Customs (UK)

Information Exchange

CRS: Common Reporting Standard (EU, UK, CA, AU, etc.)
FATCA: Foreign Account Tax Compliance Act (US)
FBAR: Foreign Bank & Financial Accounts (US)

Abbreviations

contrib: contribution
div: dividend
e.g.: for example (exempli gratia)
ex: example
i.e.: that is (id est)
ins: insurance
int: interest
mo: month
roy: royalty
sec: security
y: year