International transaction definition: includes associated-enterprise transfers of property, services, financing, or cost allocations affecting taxable profits. Section 92B defines an international transaction as transactions among associated enterprises-where either or both are non-residents-covering purchase, sale, lease or use of tangible and intangible property, provision of services, lending or borrowing, capital financing and cost-allocation arrangements; it also deems certain third-party dealings to be international transactions where terms are determined with or pursuant to an associated enterprise and lists illustrative categories of intangible assets and services included within the definition.