# The Controlled Foreign Companies (Excluded Countries) (Amendment) Regulations 2005, Regulation 3: Amendment of regulation 2


In regulation 2(2)(b) (interpretation: alternative residence test for controlled foreign companies) for “incorporated in that territory;” substitute—
“incorporated in that territory and liable to tax in that territory on its profits;”.

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Source: https://www.legislation.gov.uk/uksi/2005/185/regulation/3 (the official version)
Page: https://openlegislation.uk/controlled-foreign-companies-excluded-countries-amendment-regulations-2005/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.