A controlled foreign taxable subject (i.e. CFC) means:    1) a controlled foreign taxable entity;    2) a permanent establishment of a Lithuanian entity whose income is not attributable to the tax base of the Lithuanian entity.        A controlled foreign taxable entity means a foreign entity where a Lithuanian entity alone or together with associated persons on the last date of the tax period of this foreign entity directly or indirectly owns more than 50 % of shares (interests, member shares), voting rights or rights to the share of distributable profits or exclusive rights to purchase them.        The income of the CFC is taxed only if:    1) a CFC is registered or otherwise organised in the target territory (blacklisted jurisdiction); or    2) passive income of the CFC exceeds 1/3 of total income of this CFC during the tax period; and    3) an actual corporate tax of the CFC calculated of the income of that CFC according to the rules of corporate tax or similar tax applicable in that foreign state is lower than 50 per cent of an actual corporate tax which would have been calculated of the income of that CFC according to the provisions of  Law on Corporate Income Tax. For the purposes of this item, no account shall be taken of the income that has been earned by the CFC through a permanent establishment in another foreign state which is not taxed in a foreign state where the CFC is registered or otherwise organised.  For the purpose of this paragraph, CFC income includes only passive income.