The following income derived from a controlled foreign enterprise shall not be included in the taxable income of the controlled foreign enterprise:
14-2.4.1. Dividends received from the controlled foreign enterprise;
14-2.4.2. Where the resident enterprise is a subsidiary of the controlled foreign enterprise, the portion of the consolidated profit of the controlled foreign enterprise attributable to the resident enterprise that is subject to taxation;
14-2.4.3. Income obtained through the permanent establishment of the controlled foreign enterprise in the Republic of Azerbaijan, as well as income derived from an enterprise established in the Republic of Azerbaijan, provided that such income has been subject to taxation in the Republic of Azerbaijan.