Taxation (Multinational - Global and Domestic Minimum Tax) Rules 2024

CHAPTER 3 - COMPUTATION OF GloBE INCOME OR LOSS  

PART 3-2 - ADJUSTMENTS TO DETERMINE GloBE INCOME OR LOSS  

Division 2 - Other Article 3.2 adjustments  

SECTION 3-195  

3-195   MEANING OF LOW-TAX JURISDICTION  
A Low-Tax Jurisdiction , in respect of an MNE Group for a Fiscal Year, means a jurisdiction for which the MNE Group has:

(a)    Net GloBE Income for the Fiscal Year; and

(b)    an Effective Tax Rate for the Fiscal Year that is lower than the Minimum Rate.