Taxation (Multinational - Global and Domestic Minimum Tax) Rules 2024
CHAPTER 4
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COMPUTATION OF ADJUSTED COVERED TAXES
PART 4-1
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ADJUSTED COVERED TAXES
Division 1
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General
SECTION 4-10
4-10
MEANING OF ACCRUED CURRENT COVERED TAX EXPENSE
The Accrued Current Covered Tax Expense for a Fiscal Year of a Constituent Entity of an MNE Group is the amount (if any) of the Constituent Entity ' s current tax expense accrued, in respect of Covered Taxes, in the Constituent Entity ' s Financial Accounting Net Income or Loss for the Fiscal Year.
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Hide history noteThe Accrued Current Covered Tax Expense for a Fiscal Year of a Constituent Entity of an MNE Group is the amount (if any) of the Constituent Entity ' s current tax expense accrued, in respect of Covered Taxes, in the Constituent Entity ' s Financial Accounting Net Income or Loss for the Fiscal Year.
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