Defines terms for the Chapter: "ultimate parent undertaking" means an undertaking which draws up the consolidated financial statements of the largest body of undertakings; "consolidated financial statements" means the financial statements prepared by a parent undertaking of a group, in which the assets, liabilities, equity, income and expenses are presented as those of a single economic entity; "tax jurisdiction" means a State or non-State jurisdiction which has fiscal autonomy in respect of corporate income tax; "standalone undertaking" means an undertaking which is not part of a group as defined in Article 2(11).

For the purposes of Article 48b of this Directive, "revenue" has the same meaning as: (a) "net turnover", for undertakings governed by the law of a Member State that do not apply international accounting standards adopted on the basis of Regulation (EC) No 1606/2002; or (b) "revenue" as defined by or within the meaning of the financial reporting framework on the basis of which the financial statements are prepared, for other undertakings.