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transacciones con baja materialidad

English translation: low materiality transactions

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:transacciones con baja materialidad
English translation:low materiality transactions
Entered by: Manuel Aburto

18:22 Apr 20, 2020
Spanish to English translations [PRO]
Other / Course
Spanish term or phrase: transacciones con baja materialidad
Hola de nuevo,

Tengo otra consulta relacionada con el texto anterior:

a) Regulación jurídica de las partes relacionadas e Introducción a los precios de transferencia.

b)Disposiciones principales en materia de precios de transferencia y marco teórico conceptual.

· Introducción
· Acuerdo anticipado de precios (APA)
· Principio de plena competencia (arm’s length principle)
· Doble imposición económica
· Obligaciones del contribuyente y administración tributaria
· Criterio de vinculación
· Caracterización de las operaciones
· Factores de comparabilidad y su ajuste por diferencias
· Ajuste sobre el costo financiero del capital de trabajo

Ajustes de último recurso:
·Agrupación de transacciones
·Segmentación de estados financieros
·Uso de datos de varios años
·Aplicación de herramientas estadísticas: rangos, promedios y regresiones

Casos que justifiquen aplicar métodos de control:
Parte en prueba extranjera
Análisis de transacciones inseparables o ligadas
Análisis de ***transacciones con baja materialidad**
Manuel Aburto
Nicaragua
Local time: 11:49
low materiality transactions
Explanation:
Discussion Draft on Transfer Pricing Documentation ... - OECDwww.oecd.org › ctp › transfer-pricing › volume2
PDF
Feb 23, 2014 - ... process, such as those for small and medium enterprises, low materiality transactions, and those for routine or easily benchmarked functions.

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Note added at 30 mins (2020-04-20 18:53:26 GMT)
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Search Results
Web results

Discussion Draft on Transfer Pricing Documentation ... - OECDwww.oecd.org › ctp › transfer-pricing › volume2
PDF
Feb 23, 2014 - foreign tax authorities regarding transfer pricing documentation. ... enterprises, low materiality transactions, and those for routine or easily ...

Asia Transfer Pricing - assets.kpmgassets.kpmg › pdf › 2018/09 › tnf-tp-asia-q4-sep11-2018PDF
Apr 27, 2018 - Ensuring these risk areas have robust transfer pricing (TP) analyses will ... of a relatively low materiality (generally less than $25 mil-.
Selected response from:

patinba
Argentina
Local time: 14:49
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +5low materiality transactions
patinba
3immaterial transactions
Adrian MM.
Summary of reference entries provided
Comment only
Taña Dalglish

Discussion entries: 1





  

Answers


20 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +5
low materiality transactions


Explanation:
Discussion Draft on Transfer Pricing Documentation ... - OECDwww.oecd.org › ctp › transfer-pricing › volume2
PDF
Feb 23, 2014 - ... process, such as those for small and medium enterprises, low materiality transactions, and those for routine or easily benchmarked functions.

--------------------------------------------------
Note added at 30 mins (2020-04-20 18:53:26 GMT)
--------------------------------------------------

Search Results
Web results

Discussion Draft on Transfer Pricing Documentation ... - OECDwww.oecd.org › ctp › transfer-pricing › volume2
PDF
Feb 23, 2014 - foreign tax authorities regarding transfer pricing documentation. ... enterprises, low materiality transactions, and those for routine or easily ...

Asia Transfer Pricing - assets.kpmgassets.kpmg › pdf › 2018/09 › tnf-tp-asia-q4-sep11-2018PDF
Apr 27, 2018 - Ensuring these risk areas have robust transfer pricing (TP) analyses will ... of a relatively low materiality (generally less than $25 mil-.

patinba
Argentina
Local time: 14:49
Native speaker of: Native in EnglishEnglish
PRO pts in category: 257

Peer comments on this answer (and responses from the answerer)
agree  Taña Dalglish
28 mins
  -> Thank you!, Taña!
agree  MPGS: :-)
44 mins
  -> Gracias!
agree  Lydia De Jorge
1 hr
  -> Thank you!
agree  philgoddard: With a hyphen.
6 hrs
  -> Thanks!
agree  Alex Ossa: Also agree with Phil's hyphen note.
18 hrs
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4 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
immaterial transactions


Explanation:
A token alternative that I have long been familiar with.

Example sentence(s):
  • Considering the nature means that if a transaction of a small amount is occurring unusually, it may be material, but if it is a routine transaction, it may be immaterial.
  • Under generally accepted accounting principles (GAAP), you do not have to implement the provisions of an accounting standard if an item is immaterial.

    Reference: http://smallbusiness.chron.com/immaterial-accounting-52926.h...
Adrian MM.
Austria
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
neutral  Taña Dalglish: https://www.accountingcoach.com/blog/what-is-materiality (E.g. a $20,000 amount will likely be immaterial for a large corporation with a net income of $900,000. However, the same $20,000 amount will be material for a small corporation w/ net worth of 40K.
9 hrs
  -> Indeed. Immateriales hasn't been used as ambiguous for intangibles.
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Reference comments


47 mins peer agreement (net): +2
Reference: Comment only

Reference information:
The term "materiality" applies to both the US and British systems (yes, I checked, just in case anyone questions this).

https://www.ilpabogados.com/en/what-does-materiality-mean-in...
What does “materiality” mean in terms of “financial statements”?
Materiality is a concept which refers to the relevance of certain aspects of financial statements.

It is really surprising how in a matter whose nature is inherently quantitative and whose rigor is based on accuracy, an indefinite concept such as “materiality” has as much prominence. The Auditors use this term in a loosely dialectical manner, which contributes to the abuse and over use of the word in slang, rather than for its intended meaning.

But what is materiality?
International accounting standards refer to accounting materiality through the establishment of the principle of relative importance, in which it is determined: “the failure to strictly apply some of the accounting principles and criteria will be admitted when the relative importance, in quantitative or qualitative terms of the variation that such a fact produces, is scarcely significant and, consequently, does not alter the expression of the faithful image”.


Materiality (auditing) - Wikipediaen.wikipedia.org › wiki › Materiality_(auditing)
Materiality is a concept or convention within auditing and accounting relating to the importance/significance of an amount, transaction, ... The higher the audit risk, the lower the materiality will be set. The lower ... "The materiality assessment and stakeholder engagement: A content analysis of sustainability reports". Corporate ...

In accounting, materiality refers to the impact of an omission or misstatement of information in a company's financial statements on the user of those statements. ... The materiality concept is used frequently in accounting, especially in the following instances: Application of accounting standards. Sep 15, 2019

Taña Dalglish
Jamaica
Works in field
Native speaker of: English
PRO pts in category: 74

Peer comments on this reference comment (and responses from the reference poster)
agree  patinba: Useful confirmation!
10 mins
  -> Thanks Pat. Hope you are holding up and staying safe?
agree  Lydia De Jorge
46 mins
  -> Thank you Ly. Hope you and the family are safe and holding up?
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