Taxation (Multinational - Global and Domestic Minimum Tax) Act 2024
PART 2
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LIABILITY
Division 3
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Australian UTPR tax (undertaxed profits rule tax)
SECTION 10
LIABILITY TO TAX
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AUSTRALIAN UTPR TAX
10(1)
Tax is payable by an Entity for a Fiscal Year if it has one or more UTPR Top-up Tax Amounts for the Fiscal Year.
10(2)
The amount of tax payable by the Entity for the Fiscal Year is the sum of those UTPR Top-up Tax Amounts.
Tax is payable by an Entity for a Fiscal Year if it has one or more UTPR Top-up Tax Amounts for the Fiscal Year.
10(2)
The amount of tax payable by the Entity for the Fiscal Year is the sum of those UTPR Top-up Tax Amounts.
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