Taxation (Multinational - Global and Domestic Minimum Tax) Rules 2024
CHAPTER 8
-
ADMINISTRATION
PART 8-2
-
SAFE HARBOURS
Division 2
-
Transitional CbCR Safe Harbour
Subdivision C
-
Simplified ETR test
SECTION 8-45
8-45
MEANING OF SIMPLIFIED ETR
An MNE Group ' s Simplified ETR , for a jurisdiction for a Fiscal Year, is the amount equal to: (a) the MNE Group ' s Simplified Covered Taxes for the jurisdiction for the Fiscal Year;
An MNE Group ' s Simplified ETR , for a jurisdiction for a Fiscal Year, is the amount equal to: (a) the MNE Group ' s Simplified Covered Taxes for the jurisdiction for the Fiscal Year;
divided by:
(b) the MNE Group ' s Profit (Loss) before Income Tax for the jurisdiction for the Fiscal Year.This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.