Taxation (Multinational—Global and Domestic Minimum Tax) Rules 2024
3‑75 Adjustment—accrued pension expense3‑75 Adjustment—accrued pension expense
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3‑75 Adjustment—accrued pension expense
In computing a Constituent Entity’s GloBE Income or Loss for a Fiscal Year, adjust the Constituent Entity’s Financial Accounting Net Income or Loss for the Fiscal Year so as to include the amount computed under the following formula: Start formula open bracket Accrued expense or income plus Pension contributions close bracket times -1 end formula where: Accrued expense or income is: (a) the amount (expressed as a negative number) that is accrued, in the Constituent Entity’s Financial Accounting Net Income or Loss for the Fiscal Year, as pension liability expense in respect of a Pension Fund; or (b) the amount that is accrued, in the Constituent Entity’s Financial Accounting Net Income or Loss for the Fiscal Year, as income in respect of a Pension Fund. Pension contributions is the amount of pension contributions made by the Constituent Entity to the Pension Fund in the Fiscal Year.