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FAPI
(redirected from Foreign Accrual Property Income)

   Also found in: Wikipedia 0.01 sec.
AcronymDefinition
FAPIForeign Accrual Property Income (tax term)
FAPIFlorida Association of Private Investigators
FAPIFellow of the Australian Property Institute
FAPIFunctional Auditory Performance Indicators (auditory assessment)
FAPIFamily Application Programmer Interface
FAPIFederasi Asosiasi Perasuransian Indonesia (Indonesian: Federation of Indonesian Insurance Associations)


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As a result of this concern, the Income Tax Act contains what are commonly referred to as the Foreign Accrual Property Income (FAPI) rules.
Canadians that conduct business through controlled foreign affiliates must be alerted to the possibility that income earned by those affiliates may be considered foreign accrual property income (FAPI).
A separate information return, must be filed for each foreign affiliate and must include information with respect to the affiliate's corporate structure, equity interest held by the Canadian taxpayer, financial statements and foreign accrual property income.
 
 
 
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