Taxation (Multinational - Global and Domestic Minimum Tax) Rules 2024
CHAPTER 7
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TAX NEUTRALITY AND DISTRIBUTION REGIMES
PART 7-2
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ULTIMATE PARENT ENTITY SUBJECT TO DEDUCTIBLE DIVIDEND REGIME
SECTION 7-30
MEANING OF DEDUCTIBLE DIVIDEND REGIME
7-30(1)
Deductible Dividend Regime means a tax regime designed to yield a single level of taxation on the holders of Ownership Interests in an Entity through a deduction from the income of the Entity for distributions of profits to the holders.
7-30(2)
For the purposes of subsection (1) , treat patronage dividends of a Cooperative as distributions to holders of Ownership Interests in the Cooperative.
7-30(3)
A Deductible Dividend Regime is taken to include a tax regime applicable to Cooperatives that exempts them from taxation.
Deductible Dividend Regime means a tax regime designed to yield a single level of taxation on the holders of Ownership Interests in an Entity through a deduction from the income of the Entity for distributions of profits to the holders.
7-30(2)
For the purposes of subsection (1) , treat patronage dividends of a Cooperative as distributions to holders of Ownership Interests in the Cooperative.
7-30(3)
A Deductible Dividend Regime is taken to include a tax regime applicable to Cooperatives that exempts them from taxation.
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