Taxation (Multinational - Global and Domestic Minimum Tax) Rules 2024
A Constituent Entity ' s tax functional currency for a Fiscal Year is the functional currency used to compute the Constituent Entity ' s taxable income or loss for the Fiscal Year for a Covered Tax: (a) unless paragraph (b) applies - in the jurisdiction in which it is located; or (b) if the Constituent Entity is a Stateless Constituent Entity - in the jurisdiction in which it is created.
3-60(2)
A Constituent Entity ' s accounting functional currency for a Fiscal Year is the functional currency used to compute the Constituent Entity ' s Financial Accounting Net Income or Loss for the Fiscal Year.
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