The Web Ontology Language (OWL) is the most expressive standard language for modeling ontologies on the Semantic Web. In this paper, we present a temporal extension of the very expressive fragment SHIN(D) of the OWL-DL language resulting in the tOWL language. Through a layered approach we introduce 3 extensions: i) Concrete Domains, that allows the representation of restrictions using concrete domain binary predicates, ii) Temporal Representation, that introduces timepoints, relations between timepoints, intervals, and Allen’s 13 interval relations into the language, and iii) TimeSlices/Fluents, that implements a perdurantist view on individuals and allows for the representation of complex temporal aspects, such as process state transitions. We illustrate the expressiveness of the newly introduced language by providing a TBox representation of Leveraged Buy Out (LBO) processes in financial applications and an ABox representation of one specific LBO
