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Taxation (Multinational—Global and Domestic Minimum Tax) Rules 2024
4‑10 Meaning of Accrued Current Covered 4‑10 Meaning of Accrued Current Covered Tax Expense
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4‑10 Meaning of Accrued Current Covered Tax Expense
The Accrued Current Covered Tax Expense for a Fiscal Year of a Constituent Entity of an MNE Group is the amount (if any) of the Constituent Entity’s current tax expense accrued, in respect of Covered Taxes, in the Constituent Entity’s Financial Accounting Net Income or Loss for the Fiscal Year.