- Import duties
Duty tax applied to the import of products. Oil and gas are usually exempt from import duties.
- In-kind payments
Payments made to a government (e.g. royalty) in the form of the actual commodity (oil, gas, or minerals) instead of cash
- Independent Administrator
An organisation, typically an auditing firm, appointed by the multi-stakeholder group to produce the EITI Report. The Independent Administrator is charged with comparing different sets of data, and investigating and explaining any discrepancies identiﬁed. The Independent Administrator does not usually carry out an actual audit of such transactions.
- Institutional investor
An organisation that pools large sums of money and invests those sums in securities and other investment assets.
- International accounting standards
Several accounting standards are commonly recognised as international accounting standards. For example, the International Financial Reporting Standards (IFRS), set by the International Accounting Standards Board (IASB).