Form Rev-803 - Schedule C-7 Credit For Tax Paid By Affiliated Entities Page 3

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REV-803 (02-16)
SCHEDULE C-7
CREDIT FOR TAX PAID
BY AFFILIATED ENTITIES
GENERAL INFORMATION
Purpose of Schedule
The purpose of this credit is to ensure there is no double taxation and discrimination against interstate commerce in
the addition of intangible expense or cost and interest expense or cost.
For taxable years beginning after December 31, 2014, taxpayers that are required to add back intangible expenses or
cost and related interest expense or cost deductions to their federal taxable income may claim a credit for a portion of
the tax paid by the affiliated entity if:
1) the affiliated entity was subject to tax within the Commonwealth of Pennsylvania or another state, and
2) the tax base includes the intangible expense or cost and interest expense or cost that was paid, accrued or
incurred by the taxpayer.
The portion of tax paid by the affiliated entity is computed by multiplying the apportionment factor of the taxpayer in
Pennsylvania by the greater of:
1) the tax liability of the affiliated entity with respect to the portion of its income representing the intangible
expense or cost, or the interest expense or cost, paid, accrued or incurred by the taxpayer; or
2) the aforementioned tax liability before it was offset by a credit given by Pennsylvania or that state, except credits
made for prepayments of tax.
The resultant credit for tax paid by the affiliated entity shall not exceed the taxpayer’s liability in this commonwealth
attributable to the addition of intangible expense or cost and interest expense or cost to federal taxable income.
(72 P.S. 7401(3) (1) (t))
When to File
This schedule must be filed at the same time the corporation files its RCT-101.
Where to File
The schedule must be submitted with REV-802, Schedule C-6 Add-back for Intangible Expenses or Costs and Related
Interest Expense to: ra-rvintngbladbac@pa.gov.
COMPLETING PA SCHEDULE C-7
Corporation Name
Enter the complete name of the corporation as shown on the PA RCT-101 Corporate Tax Report.
Revenue ID
Enter the 10-digit Revenue ID number of the corporation as shown on the PA RCT-101 Corporate Tax Report. The
Revenue ID is a unique 10-digit number assigned by the Department of Revenue.
Tax Year Beginning and Tax Year Ending
Enter the tax year beginning and tax year ending as shown on the PA RCT-101 Corporate Tax Report.
LINE INSTRUCTIONS
PART I. State Income Tax Liability for Affiliated Entities
This Part allows for the listing of up to five income tax returns that the Affiliated Entity (or Entities) filed in jurisdic-
tions that are non-unitary and that include in their tax base the intangible and related interest expense that was paid
by the taxpayer as shown on REV-802, Schedule C-6 Add-back for Intangible Expenses or Cost and Related Interest.
If the taxpayer availed itself to any of the three statutory exceptions on Schedule C-6, they cannot claim the credit on
this schedule. If the number of affiliated entities and number of returns goes over the five lines shown in Part I, the
taxpayer should photocopy Part I, using a separate copy for each affiliated entity so that the income tax paid to the
qualifying jurisdictions will be separately shown on Lines 1 - 5.
REV-803
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