Section 371QD | Apportionments to be made in proportion to shareholding

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

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

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

(4)This section is supplemented by sections 371QE and 371QF.