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Taxation (Multinational—Global and Domestic Minimum Tax) Rules 2024
4‑50 Allocation of amounts from Tax Tran4‑50 Allocation of amounts from Tax Transparent Entity to a Constituent Entity‑owner of the Tax Transparent Entity
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4‑50 Allocation of amounts from Tax Transparent Entity to a Constituent Entity‑owner of the Tax Transparent Entity
An amount in respect of Covered Taxes for a Fiscal Year is allocated from a Constituent Entity that is a Tax Transparent Entity to a Constituent Entity‑owner of the Tax Transparent Entity if the amount is: (a) accrued in the financial accounts of the Tax Transparent Entity for the Fiscal Year; and (b) so accrued in respect of the GloBE Income or Loss allocated to the Constituent Entity‑owner under paragraph 3‑255(1)(c).