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Taxation (Multinational—Global and Domestic Minimum Tax) Rules 2024
2‑80 Meaning of Net Book Value of Tangib2‑80 Meaning of Net Book Value of Tangible Assets
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2‑80 Meaning of Net Book Value of Tangible Assets
(1) The Net Book Value of Tangible Assets for a Fiscal Year of a Constituent Entity of an MNE Group means the average of the beginning and end values for the Fiscal Year of the Constituent Entity’s tangible assets after taking into account accumulated depreciation, depletion, and impairment, as recorded in the financial statements of the Constituent Entity. (2) For the purposes of subsection (1), tangible assets do not include cash or cash equivalents, intangibles, or financial assets.