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Taxation (Multinational—Global and Domestic Minimum Tax) Rules 2024
5‑25 Meaning of Excess Profit5‑25 Meaning of Excess Profit
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5‑25 Meaning of Excess Profit
The Excess Profit of an MNE Group for a jurisdiction for a Fiscal Year is the amount computed in accordance with the following formula (but not less than zero): Start formula Net GloBE Income minus Substance-based Income Exclusion amount end formula where:
Net GloBE Income is the Net GloBE Income of the MNE Group for the jurisdiction for the Fiscal Year.
Substance‑based Income Exclusion Amount is the Substance‑based Income Exclusion Amount of the MNE Group for the jurisdiction for the Fiscal Year.