Taxation (Multinational - Global and Domestic Minimum Tax) Rules 2024
CHAPTER 2
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LIABILITY AMOUNTS
PART 2-6
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ALLOCATION OF TOP-UP TAX FOR THE UTPR
SECTION 2-80
MEANING OF NET BOOK VALUE OF TANGIBLE ASSETS
2-80(1)
The Net Book Value of Tangible Assets for a Fiscal Year of a Constituent Entity of an MNE Group means the average of the beginning and end values for the Fiscal Year of the Constituent Entity ' s tangible assets after taking into account accumulated depreciation, depletion, and impairment, as recorded in the financial statements of the Constituent Entity.
2-80(2)
For the purposes of subsection (1) , tangible assets do not include cash or cash equivalents, intangibles, or financial assets.
The Net Book Value of Tangible Assets for a Fiscal Year of a Constituent Entity of an MNE Group means the average of the beginning and end values for the Fiscal Year of the Constituent Entity ' s tangible assets after taking into account accumulated depreciation, depletion, and impairment, as recorded in the financial statements of the Constituent Entity.
2-80(2)
For the purposes of subsection (1) , tangible assets do not include cash or cash equivalents, intangibles, or financial assets.
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