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Taxation (Multinational—Global and Domestic Minimum Tax) Rules 2024
7‑30 Meaning of Deductible Dividend Regi7‑30 Meaning of Deductible Dividend Regime
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7‑30 Meaning of Deductible Dividend Regime
(1) Deductible Dividend Regime means a tax regime designed to yield a single level of taxation on the holders of Ownership Interests in an Entity through a deduction from the income of the Entity for distributions of profits to the holders. (2) For the purposes of subsection (1), treat patronage dividends of a Cooperative as distributions to holders of Ownership Interests in the Cooperative. (3) A Deductible Dividend Regime is taken to include a tax regime applicable to Cooperatives that exempts them from taxation.