International

Quick Links

Events

The International module of ONESOURCE Income Tax is a comprehensive system that simplifies the computation of U.S. tax benefits derived from international operations. Several integrated tax calculation areas lead you through the tax return process, determining foreign earnings and profits, deemed paid credits, and the benefits of the Foreign Tax Credit.

The International model determines if dividends are taxable, the amount of PTI exchange gain/loss, the deemed distribution inclusions and any deemed paid credits relating to this income. The look-through rules for intercompany rents, royalties, interest and dividend income as provided under Section 904(d)(3) are applied as necessary and the calculations operate across unlimited chains of ownership while maintaining the capability of reconciling payments and receipts through multiple payors and recipients.

Optimize you tax benefits by selecting multiple apportionment methods for each expense

Numerous apportionment bases are available within the system, or you can create or customize your own apportionment bases. During Earnings and Profits calculations, the system will select the optimum choice based on the type of income you have indicated that you want to maximize or minimize (for example, Subpart F versus passive).