PTEP

English

Pronunciation

• (US) enPR: pē'tĕp, IPA^(key): /ˈpiːtɛp/

Noun

PTEP

1. (taxation) Acronym of previously taxed earnings and profits - within US taxation, those earnings and profits of a foreign corporation that are attributable to amounts included in the gross income of a US shareholder under Internal Revenue Code sections 951(a) or 1248(a)

References

• Notice 2019-01‎^[1], 2022 June 9 (last accessed)