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

CHAPTER 4 - COMPUTATION OF ADJUSTED COVERED TAXES  

PART 4-1 - ADJUSTED COVERED TAXES  

Division 1 - General  

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SECTION 4-25  

4-25   NO DOUBLE COUNTING OF COVERED TAXES  
For the purposes of this Chapter, do not take account of an amount of Covered Taxes more than once in computing the Adjusted Covered Taxes of:

(a)    a Constituent Entity for a particular Fiscal Year or another Fiscal Year; or

(b)    multiple Constituent Entities for a particular Fiscal Year or another Fiscal Year.