Taxation (Multinational - Global and Domestic Minimum Tax) Rules 2024
CHAPTER 4
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COMPUTATION OF ADJUSTED COVERED TAXES
PART 4-4
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MECHANISM TO ADDRESS TEMPORARY DIFFERENCES
The Recaptured Deferred Tax Liability for a Constituent Entity for a Fiscal Year is the amount of a deferred tax liability, to the extent that the deferred tax liability: (a) was included in the Total Deferred Tax Adjustment Amount for the Constituent Entity for the fifth preceding Fiscal Year; and (b) has not reversed by the end of the last day of the Fiscal Year; and (c) does not relate to a Recapture Exception Accrual.
Note:
The Total Deferred Tax Adjustment Amount is added to Adjusted Covered Taxes under paragraph 4-5(b) .
SECTION 4-105 4-105 MEANING OF RECAPTURED DEFERRED TAX LIABILITYThe Recaptured Deferred Tax Liability for a Constituent Entity for a Fiscal Year is the amount of a deferred tax liability, to the extent that the deferred tax liability: (a) was included in the Total Deferred Tax Adjustment Amount for the Constituent Entity for the fifth preceding Fiscal Year; and (b) has not reversed by the end of the last day of the Fiscal Year; and (c) does not relate to a Recapture Exception Accrual.
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