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Taxation (Multinational—Global and Domestic Minimum Tax) Rules 2024
10‑30 Meaning of Flow‑through Entity10‑30 Meaning of Flow‑through Entity
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10‑30 Meaning of Flow‑through Entity
An Entity is a Flow‑through Entity to the extent it is fiscally transparent with respect to its income, expenditure, profit or loss in the jurisdiction where it was created unless it is tax resident and subject to a Covered Tax on its income or profit in another jurisdiction.
Note: A Constituent Entity may be treated as a Flow‑through Entity in accordance with section 10‑50.