According to the code, the adjusted profit of a CFC is subject to taxation in proportion to the share owned by the controlling entity, which is determined according to the data of the CFC's unconsolidated financial statements, taking into account the specifics of: • calculation of the financial result from CFC's transactions with securities, other corporate rights, derivatives; • accounting for CFC's expenses from the write-off of non-current assets (fixed assets and intangible assets); • accounting for CFC's expenses for accruing interest on debt obligations in an amount not exceeding 30% of the amount of the financial result before taxation, financial expenses and the amount of depreciation deductions of the controlled foreign company; • determination of income and expenses of a CFC on transactions with non-residents - related parties, non-residents registered in states (territories) the list of which is approved by the resolution of the Cabinet of Ministers of Ukraine dated 04.08.2017 No. 480 and the organizational and legal form of which is included in the list approved by the resolution of the Cabinet of Ministers of Ukraine dated 27.12. 2017 No. 1045, are determined in compliance with the "arm's length" principle; • CFCs that own a share in another foreign legal entity recognized by the CFC for the same controlling entity; • CFCs that directly or indirectly receive income through a permanent establishment on the territory of Ukraine; • CFCs that directly or indirectly own shares in legal entities registered in Ukraine (clause 39-2.3 of the Tax Code).