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Taxation (Multinational—Global and Domestic Minimum Tax) Rules 2024
3‑195 Meaning of Low‑Tax Jurisdiction3‑195 Meaning of Low‑Tax Jurisdiction
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3‑195 Meaning of Low‑Tax Jurisdiction
A Low‑Tax Jurisdiction, in respect of an MNE Group for a Fiscal Year, means a jurisdiction for which the MNE Group has: (a) Net GloBE Income for the Fiscal Year; and (b) an Effective Tax Rate for the Fiscal Year that is lower than the Minimum Rate.