Section 371QD Apportionments to be made in proportion to shareholdingF1

If conditions X to Z in section 371QC are met, apply subsections (2) and (3) to each relevant person.

Determine the percentage (“P%”) of the issued ordinary shares in the CFC represented by the relevant person's relevant interest.

P% of the CFC's chargeable profits and P% of the CFC's creditable tax is then apportioned to the relevant person.

This section is supplemented by sections 371QE and 371QF.