Controlled Foreign Companies

To access this screen select Data entry | Controlled foreign companies (CT600B)

To enter new details click on the words Click here to add company information in the white space. This displays a panel where you can enter the following details to appear in columns A to J on pages 2 and 3 of CT600B.

• Name of CFC

• Territory of Residence

• Type of exemption due

• Percentage of apportionable profits and creditable tax

• Chargeable profits

• Tax on chargeable profits

• Creditable tax

• Reliefs in terms of tax

• ACT as restricted

• CFC charge due

To amend details for a company either double-click on its name or highlight the name and click Select.

To delete details highlight the company name and then click Delete.

The total fields are completed by the system and the total for column J is entered in box 490 on the CT600.