This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.
End of attention
Most dividends paid to a CFC by a foreign company are not included. The only dividends you must include are:
- dividends - other than non-portfolio dividends - paid to the CFC by a company that was a resident of an unlisted country when the dividends were paid and
- non-portfolio dividends paid to the CFC by a non-CFC that was a resident of an unlisted country when the dividends were paid unless the dividends were paid from profits taxed in a listed country.
These amounts will not be included in notional assessable income if the profits from which the dividends were paid have previously been attributed to you. They will also not be included in notional assessable income where they are subject to tax in the listed country.
Last modified: 05 Dec 2006QC 17522