Schedule 31 Controlled foreign companies

1. Introductory
2. Conditions for company to be controlled foreign company
3. Designer rate tax provisions: deemed lower level of taxation
4. “Control" and the two “40 per cent" tests
5. Exempt activities: wholesale, distributive, financial or service business
6. Local holding companies
7. Other holding companies
8. Businesses to which requirement as to derivation of receipts applies
9. Commencement