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International Tax Reviewal Reference Library No 86IntangiblesTax Reference Library No 86: Intangibles(2nd Edition)www.internationaltaxreview.comPublished in association with:IntangiblesContents Introduction3IP:
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Intangibles are assets that lack physical substance such as patents, copyrights, trademarks, and goodwill.
Individuals, corporations, and businesses that own intangible assets are required to file intangibles.
Intangibles can be filled out using specific forms provided by the relevant tax authorities. Detailed information about each intangible asset must be included.
The purpose of filing intangibles is to report and disclose the existence and value of intangible assets for taxation and financial reporting purposes.
Information such as the description of the intangible asset, its value, acquisition cost, and amortization schedule must be reported on intangibles.
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