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

PART 2 - LIABILITY  

Division 3 - Australian UTPR tax (undertaxed profits rule tax)  

SECTION 10   LIABILITY TO TAX - AUSTRALIAN UTPR TAX  

10(1)    
Tax is payable by an Entity for a Fiscal Year if it has one or more UTPR Top-up Tax Amounts for the Fiscal Year.

10(2)    
The amount of tax payable by the Entity for the Fiscal Year is the sum of those UTPR Top-up Tax Amounts.




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