Taxation (Multinational - Global and Domestic Minimum Tax) Amendment (2026 Measures No. 2) Rules 2026 (F2026L00908)

Schedule 1   Amendments

Part 4   Amendments relating to administration and safe harbours

Taxation (Multinational - Global and Domestic Minimum Tax) Rules 2024

32   At the end of section 8-50

Add:

(3) For the purposes of subsection (1), if:

(a) the MNE Group has a Permanent Establishment in the jurisdiction for the Fiscal Year; and

(b) the income tax expense recorded in the Qualified Financial Statements of the Main Entity includes an amount for the Permanent Establishment;

assume that so much of the income tax expense as relates to income tax imposed in respect of the Permanent Establishment by the jurisdiction in which the Permanent Establishment is located were included.