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

CHAPTER 2 - LIABILITY AMOUNTS  

PART 2-6 - ALLOCATION OF TOP-UP TAX FOR THE UTPR  

SECTION 2-60   ALLOCATION OF TOTAL UTPR TOP-UP TAX AMOUNT TO AUSTRALIA  

2-60(1)    
For the purposes of this instrument, the Total UTPR Top-up Tax Amount for an MNE Group for a Fiscal Year is allocated to Australia in accordance with this section.

2-60(2)    
The amount of the Total UTPR Top-up Tax Amount allocated to Australia is:

(a)    the Total UTPR Top-up Tax Amount;

multiplied by:

(b)    the MNE Group ' s UTPR percentage for the Fiscal Year for Australia.