CTHIn ForceLegislation
Taxation (Multinational—Global and Domestic Minimum Tax) Rules 2024
8‑45 Meaning of Simplified ETR8‑45 Meaning of Simplified ETR
Start here
Get a plain-English read of 8‑45 Meaning of Simplified ETR
Turn the raw legal text into a practical explanation grounded in Taxation (Multinational—Global and Domestic Minimum Tax) Rules 2024.
8‑45 Meaning of Simplified ETR
An MNE Group’s Simplified ETR, for a jurisdiction for a Fiscal Year, is the amount equal to: (a) the MNE Group’s Simplified Covered Taxes for the jurisdiction for the Fiscal Year; divided by: (b) the MNE Group’s Profit (Loss) before Income Tax for the jurisdiction for the Fiscal Year.