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How to achieve current provision of one entity as deduction for another entity

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edited Jan 11, 2021 5:33AM in Tax Reporting 1 comment

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Hi,

We have the following business case.

Entity A is in country X. It has 95.7% investment in Entity B which is in country Y.

The current provision of Entity B (country Y) is allowed as 95.7% deduction for Entity A in country X.

E.g. Entity B current provision is 1000. So 95.7% (after converting to Country Y currency) of 1000 is allowed as a deduction for Entity A.

So, how to achieve this Entity B current provision amount as a deduction for Entity A in country X? 

 

 

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