CTHIn ForceLegislation
Taxation (Multinational—Global and Domestic Minimum Tax) Rules 2024
4‑25 No double counting of Covered Taxes4‑25 No double counting of Covered Taxes
Start here
Get a plain-English read of 4‑25 No double counting of Covered Taxes
Turn the raw legal text into a practical explanation grounded in Taxation (Multinational—Global and Domestic Minimum Tax) Rules 2024.
4‑25 No double counting of Covered Taxes
For the purposes of this Chapter, do not take account of an amount of Covered Taxes more than once in computing the Adjusted Covered Taxes of: (a) a Constituent Entity for a particular Fiscal Year or another Fiscal Year; or (b) multiple Constituent Entities for a particular Fiscal Year or another Fiscal Year.