CTHIn ForceLegislation
Taxation (Multinational—Global and Domestic Minimum Tax) Rules 2024
7‑70 Distribution taxes excluded in Adju7‑70 Distribution taxes excluded in Adjusted Covered Taxes
Start here
Get a plain-English read of 7‑70 Distribution taxes excluded in Adju
Turn the raw legal text into a practical explanation grounded in Taxation (Multinational—Global and Domestic Minimum Tax) Rules 2024.
7‑70 Distribution taxes excluded in Adjusted Covered Taxes
In computing the Adjusted Covered Taxes for a Fiscal Year of the Constituent Entities of an MNE Group that are located in a jurisdiction, exclude the amount of Taxes mentioned in paragraph 4‑40(1)(b) paid in relation to actual or deemed distributions by those Constituent Entities during the Fiscal Year, to the extent this amount is applied under paragraph 7‑55(4)(a).