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Taxation (Multinational—Global and Domestic Minimum Tax) Rules 2024
4‑105 Meaning of Recaptured Deferred Tax4‑105 Meaning of Recaptured Deferred Tax Liability
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4‑105 Meaning of Recaptured Deferred Tax Liability
The Recaptured Deferred Tax Liability for a Constituent Entity for a Fiscal Year is the amount of a deferred tax liability, to the extent that the deferred tax liability: (a) was included in the Total Deferred Tax Adjustment Amount for the Constituent Entity for the fifth preceding Fiscal Year; and (b) has not reversed by the end of the last day of the Fiscal Year; and (c) does not relate to a Recapture Exception Accrual.