SCHEDULES
SCHEDULE 16Controlled foreign companies
Part 3Reduction in chargeable profits for certain financing income
25Commencement
1
The amendments made by this Part have effect in relation to accounting periods of controlled foreign companies ending on or after 1 January 2010.
2
For this purpose “accounting period” and “controlled foreign company” have the same meaning as they have for the purposes of Chapter 4 of Part 17 of ICTA.