What types of income and gains are exempt from Corporate Tax if derived from a Participating Interest?

Deductions & Exemptions
1

If a Taxable Person holds a Participating Interest and the relevant conditions continue to be met, it will be exempt from Corporate Tax on the following income: -

  • Gains or losses on transfer, sale, or other disposition of the whole or part of the Participating Interest.
  • Foreign exchange gains or losses related to the Participating Interest.
  • Impairment gains or losses related to the Participating Interest.