Taxation (Multinational - Global and Domestic Minimum Tax) Rules 2024
An MNE Group ' s Simplified Covered Taxes for a jurisdiction for a Fiscal Year is its income tax expense for the jurisdiction for the Fiscal Year that would be reported in its Qualified Financial Statements for the Fiscal Year, if the assumption in subsection (2) were made.
8-50(2)
For the purposes of subsection (1) , assume that the following were disregarded: (a) if the income or loss of a Constituent Entity of the MNE Group is not included in the MNE Group ' s Qualified CbC Report in relation to the jurisdiction for the Fiscal Year - income tax expense for that Constituent Entity; (b) taxes that are not Covered Taxes; (c) uncertain tax positions.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
