Taxation (Multinational - Global and Domestic Minimum Tax) Rules 2024
CHAPTER 8
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ADMINISTRATION
PART 8-2
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SAFE HARBOURS
Division 3
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Simplified Calculations Safe Harbour
Subdivision B
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SC De minimis test, SC ETR test and SC Routine profits test
SECTION 8-170
8-170
MEETING THE SC ROUTINE PROFITS TEST
An MNE Group meets the SC Routine profits test for a jurisdiction for a Fiscal Year if the MNE Group ' s Net GloBE Income for the jurisdiction for the Fiscal Year, computed in accordance with this Division, is equal to or less than the MNE Group ' s Substance-based Income Exclusion Amount for the jurisdiction for the Fiscal Year.
An MNE Group meets the SC Routine profits test for a jurisdiction for a Fiscal Year if the MNE Group ' s Net GloBE Income for the jurisdiction for the Fiscal Year, computed in accordance with this Division, is equal to or less than the MNE Group ' s Substance-based Income Exclusion Amount for the jurisdiction for the Fiscal Year.
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