Article 145 - Tax Treatment of Charges and Compensation Under Articles 143 and 144
(1) In arriving at the
Chargeable Profits of a QFC Entity for any Accounting Period a deduction shall not be allowed in respect of any additional charge levied under Article 143 during that Accounting Period.
(2) Any compensation paid to a
QFC Entity under Article 144 shall not be included in the calculation of Chargeable Profits of the QFC Entity for the Accounting Period during which the compensation was paid by the Tax Department.
|Amended (as from 18th June 2014)|