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

CHAPTER 8 - ADMINISTRATION  

PART 8-2 - SAFE HARBOURS  

Division 3 - Simplified Calculations Safe Harbour  

Subdivision C - NMCE simplified calculations  

SECTION 8-180   NMCE SIMPLIFIED CALCULATIONS ELECTION  

8-180(1)    
Subsection (2) applies if an election for an MNE Group under subsection 8-155(3) applies in relation to a Fiscal Year and a jurisdiction.

8-180(2)    
A Filing Constituent Entity for the MNE Group may make an election for the MNE Group under this subsection that applies to a specified Constituent Entity of the MNE Group that is an NMCE for the Fiscal Year.

8-180(3)    
An election under subsection (2) is an Annual Election.