1. For the purposes of this Chapter, the following definitions apply:
(1) "ultimate parent undertaking" means an undertaking which draws up the consolidated financial statements of the largest body of undertakings;
(2) "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;
(3) "tax jurisdiction" means a State or non-State jurisdiction which has fiscal autonomy in respect of corporate income tax;
(4) "standalone undertaking" means an undertaking which is not part of a group as defined in Article 2, point (11).
2. 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 th
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