Taxation (Multinational - Global and Domestic Minimum Tax) Rules 2024
CHAPTER 8
-
ADMINISTRATION
PART 8-2
-
SAFE HARBOURS
Division 3
-
Simplified Calculations Safe Harbour
Subdivision B
-
SC De minimis test, SC ETR test and SC Routine profits test
SECTION 8-160
8-160
MEETING THE SC DE MINIMIS TEST
An MNE Group meets the SC De minimis test for a jurisdiction for a Fiscal Year if: (a) the MNE Group ' s Average GloBE Revenue for the jurisdiction for the Fiscal Year, computed in accordance with this Division, is less than 10 million Euros; and (b) the MNE Group ' s Average GloBE Income or Loss for the jurisdiction for the Fiscal Year, computed in accordance with this Division, is less than 1 million Euros.
An MNE Group meets the SC De minimis test for a jurisdiction for a Fiscal Year if: (a) the MNE Group ' s Average GloBE Revenue for the jurisdiction for the Fiscal Year, computed in accordance with this Division, is less than 10 million Euros; and (b) the MNE Group ' s Average GloBE Income or Loss for the jurisdiction for the Fiscal Year, computed in accordance with this Division, is less than 1 million Euros.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.