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