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  • How do you prove that you meet the requirements?



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    If you wish to claim a tax exemption on the basis that a CFC has passed the active income test - see chapter 1 - you must:

    • ensure that the company has kept accounts for the statutory accounting period. These accounts must    
      • be prepared in accordance with commercially accepted accounting principles
      • give a true and fair view of the financial position of the company
    • ensure that the CFC will assist by providing accounting and other information which the Tax Office may ask you to supply.
    Last modified: 05 Dec 2006QC 18000