Enterprise definition clarifies scope of related-party activities for transfer pricing compliance and assessment.

The statutory definition of Enterprise for Sections 92-92E encompasses persons or permanent establishments engaged in production, supply or acquisition of goods; ownership or exclusive rights in intangibles such as know how, patents, copyrights, trademarks, licences, franchises and related documentation; the provision of services; contractual work; investment and lending activities; and acquiring, holding, underwriting or dealing in securities of another body corporate, whether executed directly or through units, divisions or subsidiaries irrespective of their location.

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