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1993 SNA Update Information - AEG recommendations for issue:
Recognition of unincorporated branches

Subissue description
Issue description in [English] | [French] | [Russian] | [Spanish]
The Balance of Payments Manual (BPM) indicates that establishments of enterprises located in a country different from the country of residence of the parent should be treated as notional units, resident in the country where located under certain conditions. The SNA discusses non-resident unincorporated enterprises rather than establishments. Should the SNA and BPM be more closely aligned?
AEG recommendations
Number of AEG recommendations for selected issue:1
  Corresponding meetingDate postedRecommendation
 December 200411/01/2005Physical presence is not required for a branch to be recognized.
Being subject to income tax laws should replace paying income tax as an indicator of the existence of a branch.
All criteria should be considered as indicators for a separate branch but not all criteria have to be met. Even if the entity does not have a full set of accounts, if it engages in production, it should be treated as a branch.
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