The profits handed over by subsidiaries to the parent company do not need to be taxed, because the profits distributed by subsidiaries belong to after-tax profits, and they are distributed only after paying taxes, and there is no need to pay taxes repeatedly.
The accounting treatment of subsidiaries is as follows:
Borrow: profit distribution,
Loan: dividend payable.
When actually paid, its accounting treatment is as follows:
Borrow: dividend payable,
Loan: bank deposit.