Immovable property Is land or property that is not liable to be removed or permanent

Import parity pricing When a firm sells goods locally at the price that customers would pay if they were to import the same goods from another country.

Indirect expenses Indirect expenses are certain common expenses, which relate to your home as a whole; these expenses have to be proportioned and only the amount that can be attributed to your office can be deducted.

Inflation An increase in the general level of prices.

Inflation targeting A monetary policy framework intended to achieve price stability over a certain period of time. The Reserve Bank and government agree on a target range to be achieved over a stipulated period.

Input tax VAT paid by you, as a vendor, on goods or services supplied to you by another vendor

Intangible asset Non-monetary assets without physical substance e.g. goodwill, patents, trademarks

Intermediate goods Goods produced to be used as inputs in the production of final goods.

Inventories Stocks of goods held by firms. An increase in inventories reflects an excess of output relative to spending over a period.

Investment The flow of expenditure on new capital goods and assets.