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Taxation (Multinational—Global and Domestic Minimum Tax) Rules 2024
7‑45 Meaning of Eligible Distribution Ta7‑45 Meaning of Eligible Distribution Tax System
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7‑45 Meaning of Eligible Distribution Tax System
An Eligible Distribution Tax System is a corporate income tax system that: (a) generally imposes an income tax on the amount of the profits, or certain non‑business expenses, of a corporation only on or after the time that the corporation: (i) distributes those profits to its shareholders; or (ii) is deemed to distribute those profits to its shareholders; or (iii) incurs those expenses; and (b) imposes Tax at a rate equal to or in excess of the Minimum Rate; and (c) was in force on or before 1 July 2021.