4.—(1) For the purposes of Chapter 11 of Part 9A of TIOPA 2010, the requirements of section 371KB(1)(b) and (c) of that Act do not have to be met in order for the excluded territories exemption to apply for a CFC’s accounting period if— (a)for the purposes of that Chapter, the CFC is for the accounting period … See more 1.—(1) These Regulations may be cited as the Controlled Foreign Companies (Excluded Territories) Regulations 2012 and come into force on 1st January 2013. (2) These Regulations have effect for accounting periods … See more 5.For the purposes of Chapter 11 of Part 9A of TIOPA 2010, Part 2 of the Schedule specifies a further requirement which must be met in order for the excluded territories exemption to apply for a CFC’s accounting period. Regulations 3 … See more 2.In these Regulations— “TIOPA 2010” means the Taxation (International and Other Provisions) Act 2010; “the Schedule” means the Schedule to these Regulations. See more 3.A territory listed in Part 1 of the Schedule is an excluded territory for the purposes of Chapter 11 of Part 9A of TIOPA 2010 (the … See more WebSep 30, 2013 · A CFC's profits will be exempt from a CFC charge if they come within one of the following categories: The profits are from an excluded territory (those with acceptable tax rates and systems) and meet certain other conditions.
INTM254580 - Controlled Foreign Companies: …
WebA CFC is exempt for an accounting period if it meets all four conditions: •. residence condition—it is resident in an excluded territory for that accounting period. •. income … WebAll financial intermediaries supported by the CFC, must apply the following exclusions, in addition to CFC's Exclusion List: - production or activities involving harmful or exploitative … flowers rustic
Germany - Corporate - Group taxation - PwC
WebExcluded territories. 4. Modified excluded territories exemption to apply in specified cases. 5. Further requirement to be met for excluded territories exemption to apply. Signature. SCHEDULE. PART 1 Excluded Territories. PART 2 Specified further requirement. If at any time during the accounting period the CFC... Explanatory Note WebJul 15, 2024 · The United Kingdom adopted its CFC rules regime in 1984, and they were subject to minor changes until 2012, when the CFC regime was entirely modified. The … WebNew section 371KF applies where a CFC has a permanent establishment in an excluded territory. The effect is to apply the same Category A income conditions to the income from the permanent... greenbook finance