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T ka gni ad av n egat of IC-DI CS Opp ro t nu eiti s
IC-D SI C rts a et gy
• retfa rieht esaercni nac seinapmoc tsoM - yb wolf hsac xat
gnitaroprocni na CI -DIS .C
• CI eht ,noisulcxe ITE fo laeper retfA - ylno eht si CSIDnoitpo elbaliava ot niatbo ex trop at x feneb i st —IC-DIS C
sah detsixe ecnis eht s07' dna ton neeb degnellahc ybstruoc ro OTW .
• CI - etar xat %51 eht fo egatnavda sekat erutcurts CSIDno .sdnedivid
IC-D SI C rts a et gy
redloherahS Own de C( ro S corp aro ti no )
REDLOHERAHS
RETROPXE
s iD v di ne d
xE port aS les
Custo em r
xE port aS l se
Custo em r
yaP ment
CI -D SI C
Serv ci e s Serv ci se
RETROPXE
Com im ssion Paym ne t
CI -D SI C S re vic se
REDLOHERAHS
iD v di e dn
Com im ssion
CI - ID SC eb n fe sti
ngieroF gnidart ssorg stpiecer 10 00, 0, 00 0 tsoC fo sdoog dlos ,8( 000, 000 ) ssorG nigraM 0,2 00 ,000
,gnilleS g larene dna evitartsinimda stsoc ( 05,1 0 0, 00) tropxE selas ten emocni ,005 000
CI - CSID noissimmoc retaerg( :)fo
%05 fo tropxe ten emocni 052 , 00 0%4 fo tropxe ssorg stpiecer 004 ,000
CI - CSID noissimmoc 4 00,00 0 laredeF xat sgnivas )%53( 041 , 00 0
CI - CSID dnediviD 004 , 00 0 laredeF xat tsoc %02( 1) 08( , 000 )
CI - CSID ten xat sgnivas 60, 00 0 htlaeH erac xat oc u dl esuac eht etar ot esaercni yb ;%8.3 dna if rp o recud itne ty is a lf“ ow throu ”hg tax eb ne tif wo lu d op te itn ally in rc esae na oth re 4.6 .%1
STNIOP REHTO SNOC FO I TARED I NO DRAGER I GN EHT TNETOP IA L XAT ETAR FENEB I ST
GNIDNEPED NOPU ATS EHT T EHT E OC SGNIVAS XAT ETATS UL D EB IFINGIS CAN .T ,REHTRUF P SI TI O ELBISS TH ECILPPA EB TON YAM %8.3 FO XAT ERAC HTLAEH AMABO A ELB D EPE N GNID U NOP EHT OWNERS P ITRA C ALU R
CIRC MU TS ANC .E TI SI OSLA TNATROPMI OT HT ETON AT IH EHT G TSEH %6.93 SI SLAUDIVIDNI ROF ETAR OS T FI H E P RECUDOR FO
TROPXE YTREPORP UORHT WOLF A SI G YTITNE H NEHT SESOPRUP XAT ROF TH LAITNETOP E NEB E TIF SI ALM TSOA %02 ETAR EFFID R LAITNE .
ID SC is exe mpt rf mo i ocn em tax • A DISC si exe tpm on t only orf m eht r aluge r
proc o tar e ocni me tax ub t a sl o si exempt orf m t ehm ini mum xat on xat erp ef er nces a dn th ea ucc m lu ated ea nr ings t xa .
Q lau i iyf ng sa a CSID • oT auq yfil a s a ID SC rof a at x raey eht co taropr noi tsum
teem lla fo eht gniwollof stnemeriuqer rof taht ta x raey : 1. eB an le i ig b el c ro p ro ita no 2. eB an actual oc pr o ar tion
q g p 4. eM et the qu la if dei e px o tr ssa te s et st 5. Have one ssalc of ts ock 6. aM ke a mit le y cele it on
nac CSID A .7 CSF a htiw puorg dellortnoc a fo rebmem a eb ton
3. eM et the qu la if dei or ss er c pie st test
The es co aropr t oi ns nnac to eb DI sCS
• detaert eb ot elbigile ton era snoitaroproc gniwollof ehT
sa a :CSID
1. xaT tpmexe aroproc t noi 2. lanosreP gnidloh seinapmoc 3. sknaB dna tsurt seinapmoc 4. ecnarusnI seinapmoc
g p ( ) 6. S snoitaroproc
i
5. detalugeR tnemtsevni seinapmoc lautum( )sdnuf
No ser tr ci noit on who can be a ID SC cots kh lo der
• CSID a eb nac ohw no snoitcirtser on sniatnoc wal ehT
edlohkcots r. CSID ts o sredlohkc nac :edulcni
ni stnaneT nommoCtnioJ stnaneT
stnaneT yb eht yteritnEroniM
ngieroF nosreP
noitaroproC pihsrentraP
etatsE tsurT
dnabsuH dna Wi ef
y y
A autc l co aropr t oi n
• fo swal eht rednu detaroprocni eb tsum noitaroproc ehT
a tats e a( ny tats e) or eht tcirtsiD fo .aibmuloC
• a fo noitaroprocni etarapes ehT yb deriuqer si CSID,etutats tub siht seod ton etatissecen ni a ll ot eh r ser ep stc
eht pes etara pihsnoitaler s hcihw esiwrehto dluow tsixeneewteb a tnerap noitaroproc dna i st sbus i yraid .
p
Q lau i deif rg o ss rec pie ts et st
• tA le sa t 95% fo t eh co opr r ta i ’no s gr so s er cei tp s
rof ht e tax ey ar m tsu oc nsi ts fo lauq ified xe op r tiecer p st .
Q lau i deif pxe ort asset et st
• T eh da j detsu bas si of the q lau fi ied e ropx t sa se st
of eht oc r tarop i no ta eht c ol se fo t eh t xa yea rm tsu eb ta le sa t 95% fo the us m of eht da uj ste d
sisab fo a ll essa ts of eht oc r tarop i no ta eht lc os eof eht xat raey .
O en alc ss fo ots kc
• T eh c ro p aro it no m su t ah ve lno y one c al ss fo
st co k, and t eh rap ro sta et d eulav fo i sttstuo a dn ing ots ck must be at tsael $2, 05 0 o nhcae day fo eht xat raey .
Ma gnik t mi yle le ce ti no to eb ert at de as DI CS
• T eh oc r tarop ion m tsu make a time yl cele t noi ot
eb tr ae et d sa a CSID dna t tah ele c it no mu ts eb i neffe tc of r eht t xa ye ra .
W neh ot ele ct • F ro a c ropro a it o s’n if tsr at x ey a ,r el ce t w ihti n 9 0
syad tfa er eht begi gninn fo the raey .
• F ro a yn other ye ra , el tce rud ing the 09 yad rep io dsuj t b fe ro e eht f sri t yad of the y rae ht e cele ti no si t opa ply.
How to el ce t • T eh oc r tarop ion if el s F ro m 84 76-A w hti t eh s ivre ec
nec ter with w cih h ti w dluo file na i cn mo e at x r te ru nif it w ere us bj tce ot income t xa . C no s stne of eac h
srep on w oh is a hs ohera l ed r sa of eht eb ginn ni g o feht fi sr t t xa raey rof w hcih eht ele c oit n si ef cef t vi eera to eb ro ta at hc de ot t eh f ro .m
ID SC ac nitnuoc g m ohte ds
• A CSID yllareneg yam esoohc yna elbissimrep dohtem of ca c uo n nit g.
• tuB fi a CSID si a rebmem fo a dellortnoc uorg p ti am y not ch oo se adohtem fo gnitnuocca hcihw dluow tluser ni a lairetam sid noitrot fo ehtemocni fo eht CSID ro yna rehto rebmem fo ht e con rt o ell d uorg p.
• esehT era selpmaxe fo tahw SRI sredisnoc a lairetam dis oitrot n o fin emoc : – laitnatsbus a ni tnega noissimmoc a sa stca dna sisab hsac eht sesu CSID a
emulov fo selas fo treporp y by a detaler noitaroproc w hcih si no eht urcca a lsisab dna w hcih liramotsuc a owt naht erom CSID eht ot snoissimmoc s
shtnom retfa eht .selas – ytreporp fo tnuoma laitnatsbus a sesael dna sisab laurcca eht sesu CSID a
morf a detaler noitaroproc no eht hsac ,sisab dna eht ID CS cu ts oma lir y seurcca na y trap fo eht tner erom naht two shtnom erofeb tner eht is diap .
p y y
D SI C ca c nitnuo g p doire s
• ehT xat raey fo a CSID tsum eb eht t xa y rae fo taht
redloherahs ro( puorg fo sredloherahs htiw eht emas 21 - htnom xat )raey ohw sah eht tsehgih egatnecrep fo
gnitov .rewop
• fI owt ro erom redloherahs s ro( puorg fo )sredloherahsevah eht tsehgih egatnecrep fo gnitov rewop rednu ehtevoba ,elur eht xat raey fo eht CSID si eht emas 21 -htnom doirep sa taht fo yna us ch redloherahs ro(
gr uo p).
IC-D SI C rts a et gy noitaluclaC fo CI - CSID mmoc i ss i no i emocn
• CI - CSID elba ot etaluclac noissimmoc emocni rednu eht iwollof n g
sdohtem revehcihw( si :)retaerg
‒ %4 fo ssorg er ec ipts m dohte
noissimmoC tonnac deecxe mus fo %4 fo deifilauq pxe o tr stpiecer fo CI - CSID sulp %01 fo tropxe noitomorp nepxe s se
- %05 fo denibmoc elbaxat emocni dohtem
noissimmoC tonnac deecxe %05 fo eht denibmoc elbaxat emocni fo ppus reil dna CI - CSID sulp 1 %0 of xe op tr
noitomorp sesnepxe
‒ CI - s'CSID elbaxat emocni desab no eht lautca elas s ,ecirp ejbus ct ot stnemtsujda rednu CRI 284§
IC-D SI C rts a et gy snoitacifilauQ
• deifilauQ" ra "stpieceR tropxE e ecer i stp orf m las es xe fo trop rp trepo y
taht era am n derutcafu i n eht SU ht yb e eilppus r na d los d of r rid ect noitpmusnoc ro psid o oitis n edistuo eht ,SU ro a ot n ep detalernu r nos yreviled rof o distu e ht e U n htiw S o eht fo %05 naht erom F VM of eht
ytreporp gnieb lbatubirtta e t o tra i lc se im detrop in ot the SU .
p p ot tcudorp be detropxe i ns ’t a n tropxe elas .
• deifilauQ" tropxE "stessA edulcni R/A nisira g tuo fo selas i n w cih h ht e CI - CSID si the apicnirp l ag ,tne ,yenom knab ped o ,stis dna dorp u rec ' s
naol s. A s'recudorp aol n is a ol a o n f an IC- s'CSID etalumucca d at x forp derrefed i ot kcab st i .S.U st tnerap irutcafunam ng napmoc y. T ehtnuoma naol ecxe tonnac ed ht e tnuoma fo ht e rrob o s'rew a ss ets
detaler ot sti selas tropxe .
• treporp fo elas A y i rof rerutcafunam naciremA na ot n oc r rop a i noit n a
E tropx pr repo ty as lauq i if ed tropxe ass te s
• tropxE eht fo eerht lla steem hcihw ytreporp yna si ytreporp
gniwollof stset : .1 ehT ytreporp tsum eb erutcafunam d, ,decudorp rg o nw o r
etcartxe d ni eht SU yb a pe nosr rehto naht a D SI C.
.2 ehT ytreporp tsum eb dleh rof las e, el ase ro er nt la , in th eyranidro c esruo fo edart ro ssenisub ,yb ro to, a CSID rof
tcerid ,esu snoc u noitpm ro noitisopsid edistuo eht .SU
.3 toN erom naht %05 of eht riaf tekram eulav of t eh p or per yt ac n eb irtta b elbatu ot selcitra detropmi ni eht SU .
W eh t reh pr epo tr y is he dl for e ropx t
• ehT noitanitsed tset rof( ,esu ,.cte tuo s edi eht )SU si
yllareneg deredisnoc deifsitas :fi
1. ehT CSID sreviled eht ytreporp ot a rrac ei r ro rf ie thgredrawrof rof yreviled edistuo eht ,SU r ge ra ld sse o f
eht BOF po tni ro ecalp fo egassap fo tit el , w rehteh ot aSU dna resahcrup ngierof ro hw rehte of u r es of eht
resahcrup ro rof ;elaser or
2. ehT elas si ot na u detalern CSID rof hcus a rup op ,esrehtehw yreviled edam eb ot si in t eh U S ro ta a
ngierof ,noitanitsed or
Q ifil pxe d ort i t l d i t ht
fo ht e rp o ytrep edistuo the .SU
sihT lcni u sed stpiecer morf lbus e nisa g.
rehtehW desael ytreporp deifsitas ht e gasu e tset si to b edenimreted no a raey - ot - ey ar .sisab
,suhT the stpiecer no a sael e fo tropxe ytreporp thgim yfilauq niemos sraey dna n to ni srehto gnidneped no ht e le ess e s’ su e o f
ytreporp ni eht raey .devlovni
tuB a de suminim esu fo eht ytreporp ni ht e SU is ep r issim ble.
R ,latne etc. of xe op tr porp er yt
• ilauQ eif d t stpiecer edulcni ssorg stpiecer f mor eht
gnisael ro er n lat of tropxe ytreporp cihw h si desu yb eht eessel
•
•
•
•
p p y g
S secivre er l ta ed ot t eh as sel dna le esaof expo tr eporp ytr
• Q ilau fied e opx tr r ce eipts ni cl edu rg o ss re ec tpi s fo r
s vre i sec w cih h ra e ob th 1( ) r tale ed and 2( ) b idi l h l l
ot reh id s isop tion of export p repor ty by ht ec pro o tar i no .
• S cu h s re v ci se m ya eb p re f ro m de iw ht in ro withou tthe .SU
• T eh CSID ne de ton esti lf rep f ro m the res civ se .
su s d ary ot yna as ,e xe c egna , l ae s ,e tner a or
S secivre er l ta ed ot t eh as sel dna le esaof expo tr eporp ytr
E max pl l i i d
– ytnarraW
– ecnanetniaM
– riapeR
– noitallatsnI
– a ropsnarT ,no u cn gn ,ecnarusni vorp e s cost si dedulcni ni eht elas ecirp ro ,latner ,ro fi yletarapess p si ,detat sti ro CSID eht yb dia p picnir .la
• E se of rel eta d ivres sec i ncl du :e
T t it i l id i di d ti t
p
E gn i reen i gn or a cr tcetih u lar vres i ec s
• deifilauQ tropxe stpiecer edulcni ssorg stpiecer rof
gnireenigne ro larutcetihcra secivres rof noitcurtsnocstcejorp detacol ro( desoporp f ro )noitacol edistuo eht
SU .
• esehT secivres edulcni ytilibisaef seiduts dna ,ngisedgnireenigne dna noitcurtsnoc .noisivrepus
• yehT od ton edulcni eht orp iv nois fo inhcet c laecnatsissa ro wonk - woh ro secivres detcennoc htiw ehtnoitarolpxe rof .lio
Q lau i deif xe port as es ts defined
• :gniwollof eht edulcni stessa tropxe deifilauQ
1. pxE o tr p or pe tr y 2. pxE o tr rp ope ytr asse st 3. Acc nuo ts r iece av lb ,e etc. 4. T me porary i vn emtse tn s of wo kr gni ca ip tal 5. orP duc re s’ ol ans 6. otS kc or uces ri it se in a r le a et d of gier n e px o tr oc pr or ita no 7. pxE o tr -Im op rt Bank and Fo gier n rC e id t I usn ar cn e
As aicos t oi n ob il gat oi sn 8. pxE ort las es f ni a cn e o agilb it o sn 9. T me porary b na k dep stiso in SU
IC-D SI C rts a et gy noitarepO fo CI - SID C
• ehT o pihsrenw fo eht CI - CSID seod on t evah ot rorrim eht pihsrenwo
fo eht .reilppus roF ,elpmaxe ylno eno redloherahs ni a C-Corp. taht sah 02 redloherahs s dluoc esoohc ot nwo eht CI - CSID
• /eeyolpmE s sredloherah c dluo esoohc ot ecuder rieht yralas morf C-proC dna esaercni dnedivid morf IC- CSID
• noissimmoC tnemeerga neewteb s reilppu dna CI - CSID um st ebdetucexe tiw h ecnatsissa morf lesnuoC
• etarapeS knab ca c tnuo dna skoob dna er c sdro tsum eb deniatniam
• launnA laicnanif stnemetats S/I( & )S/B tsum be rp epa der
• hsaC stnemyap tsum eb edam morf reilppus ot CI - CSID ausrup nt oteht noissimmoc tnemeerga
T eh IC-DI CS B ifene t
• An IC- ID SC may ca t sa eit reh a buy- lles ro
oc mm si si no -ba es d e tn it .y • In e hti er cas ,e ht e ni come fo an CI -D SI C si
c ucla la et d rednu o en of eht lof low gni : – 4% fo q lau i if ed ex rop t er cei stp , – 05 % of oc m enib d axat ble i ocn me, ro – Ar 'm s gnel th am nuo t d ete rm deni u redn ht e
p picnir sel fo edoC noitces .284
G sor s eR piec st teM hod
• ehT deifilauq ssorg cer pie st
dohtem setacolla 4 tnecrep fo
eht deifilauq tropxe stpiecer
morf tropxe selas ot eht IC-
D SI C. • sihT dohtem si desu w neh n te
snigram era ssel naht 8
.tnecrep
elpmaxE ssorG stpiecer 000,000,01$ tsoC fo oog ds 000,000,6
ssorG nigram 000,000,4 tceridnI sesnepxe 000,052,3
teN emocni 57 0 0, 00
ssorG stpieceR dohteM 04 0 0, 00 ITC dohteM 000,573
CI - CSID ocnI me 004 , 000
ITC M ohte d
• ehT denibmoc at x elba emocni
dohtem setacolla 05 p tnecre fo
eht elbaxat emocni morf xe p tro
selas ot eht CI - CSID • sihT dohtem si desu w neh net
snigram era retaerg naht 8
.tnecrep
elpmaxE ssorG stpiecer 01$ ,000, 00 0 tsoC fo oog ds 000,000,6 ssorG nigram 000,000,4
tceridnI sesnepxe 000,000,3 teN emocni 000,000,1
ssorG stpieceR dohteM 000,004 ITC dohteM 000,005
CI - CSID ocnI me 000,005
C edo Se 4 .c 82 M ohte d
• As a res lu t of li im det tca iv ti sei dna f tcnu oi sn ,
ed t re im ning the CI - CSID s i ocn me su i gn ht etra sn f re pricing p nir ci elp s un red C do e S .ce 84 2
neg er la yl luser ts in ol w re cni ome aht n u redn ehtrehto t ow m dohte .s
Ma ix mizi gn ht e IC-DI CS Co mm issi on
• An xe port re nac esu any fo the meth sdo ot a eihc v e
t eh erg ta tse IC- CSID ni c emo . • CI - ID SC rul se p re m ti ht e esu fo fid fe ner t met doh s
g p p , y ro tr eda u ,egas ro by art nsa noitc .
• W reh e t eh net pre-tax margi sn fo xe rop t s ela s ra eol w re ht an w dlro w edi ten pre-t xa margi sn , eht
ropxe t re m ya u es m lanigra tsoc ni g of oc m nib de t bl i t t IC - .emocni CSID
to ffid erent org u s desab on ro cud t l eni s i dn rtsu y
xa a e n oc me to compute I
G nipuor g
• G puor i sgn m tsu noc f ro m ot
ocer g zin ed ind rtsu y su ag ero SI /C N IA CS oc d se .
• May use r uo ni g f ro on edorp uct li en na d
tra sn a tc oi n- yb -t ar n cas ti no f ro ona ht re orp du tc enil .
A A B Transa tc ion T nar saction T asnar c noit
tcudorP eniL tcudorP eniL B A
BA ynapmoC g y g
y g p g
ELPMAXE GNIPUORG
elpmaxE esaB esaC tcudorP A tcudorP B
ssorG ecer stpi 0,01$ 00 0, 00 ,5 00 0,0 00 ,5 000 0, 00 tsoC fo og o sd 000,000,6 000,000,4 000,000,2
ssorG nigram 000,000,4 000,000,1 000,000,3 tceridnI sesnepxe 000,000,3 000,057 000,052,2
teN emocni 0,1 00 , 00 0 25 0,0 00 57 0 0, 00
ssorG stpieceR hteM od 00,004 0 00,002 0 000,002 ITC dohteM 5 00 0, 00 00,521 0 000,573
CI - CSID ocnI me 500 0, 00 002 , 000 573 , 000
Ma anigr l Cost ni g
• fI eht profit m ra ig n no e px ro t s la es is ssel ht an ht e
or fit ma nigr no ow rldwide s sela of ht e as emdorp uct, t eh m gra in la oc st ni g ur l se m ya be ap lp ie d
to olla cate ylno am gr i lan or airav b el costs aga i sn tropxe t re piec .st
• O larev l forp it p re c ne tage timil ation O( PP) li stimropxe t TC I to fu ll cost gni TC I from all as les (for gie n
dna od m citse .)
p g
Ma anigr l C gnitso E ax m lp e
Example To at l S la es opxE rt Domestic
orG ss recei tp s $ 01 ,000, 00 0 5,00 00,0 0 ,000,5 000
oC st fo doog s 6,000,000 3 005, ,000 2, 05 0 0, 00
M gra i an l oC sting ITC 4, 00 0,000 1,500, 00 0 2 005, ,000
dnI i er tc e nepx s se 2, 00 0,000 750,000 1, 52 0 0, 00
uF ll oC sti gn CTI 2,000,000 57 0,000 1, 52 0 0, 00
M tiforP CM igra n 03 %
OPP 02 %
CM ITC L( im ti de ot O PP ) 1,0 00 ,000
CI - ID SC In oc me 5 00 ,000
E epx nse All taco ion na d A pp ro t noi em nt
• Wh ne gnisu eht ITC m dohte , ov re head c tso s ra e
g y p s ,sela ba es d on the lur es u redn T er a rus y Re .gSec. 168.1 -8.
rene lla la l aco t de eb wt ee n ex ro t na d od m tse ci
T ar tcasn i no -by-Transac it on
• The rp i ic ng me ht do ohc es n si uqer i der no a
tra sn a tc oi n- yb - art n itcas on basis how eve r naaunna l election can eb made to org up t nar sacti no s
ni accord ecna wi ht orp du tc s ro p dor uct il nes. • Ne ti eh r eht g or ss er c ie p st ron CTI met doh m ya b e
lppa ied in a w ya ht at c sua se , in yna ta elbax y ae ,r assol the S.U . e px ort re er( tal de sup lp i )re .
; ,
Docum tne ation
• S ruo ce Data (Sa sel dna C so t of Sal )se S pu p ro t • Pr do cu t H crarei hy a dn uS ropp t • E epx sn e A oll c ta i no & App ro t noi ment M hte o od l go y • T snar act anoi l A an l sy si
– Q lau fi ied E ropx t S sela ( .S.U M una f rutca ed, N no - U.S D . se ti an t noi and 05 % C netno )t
– P gnicir M dohte R trope s • F ro m 1 021 -IC- CSID
A cnavd ed T cipo s
– R hto I AR – Exec tu ive Com tasnep io n– S icruo ng (P issa ve) – Transa tc ion- yb -T casnar it o n– P udor c re 's aoL sn – CI - ID SC dna 86 b(3 )– Sh ra de ID S sC
E ucex t vi e Com asnep t oi n
CI - CSID wo n pihsre si tes pu hguorht yek eeyolpme s.
mE lp oy ee
CI - ID SC Commi ss ion
O nw er C-Co pr
S gnicruo B fene sti • IC-D SI C divid ne ds a er co edisn r de f ngiero s cruo de
ocni me to S.U . ow ren s • IC-D SI C divi ed n sd are c ta roge i ez d ni to eht ssap evi
ab s ek t • Can esu CI - ID SC to i rcn e esa the a ib l yti ot u it zil e
tax cre id ts in the p ssa vi e ba eks t – T ti le pas as eg – F SI C i ocn em
T tcasnar i no -by-Tra sn a tc ion • yaM yltnacifingis esaercni CI - CSID tifeneb
– derapmoC ot gga ger eta
• seriuqeR decnavda erawtfos snoitacilppa
– noitaretI fo evitanretla sgnipuorg dna lanigram gnitsoc sesylana
ed iimre noi fo nepo sraey
p gg g
R et natti f Docume tn a it on
• •
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