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Taxation (Multinational—Global and Domestic Minimum Tax) Rules 2024
8‑55 Meaning of Transition Rate8‑55 Meaning of Transition Rate
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8‑55 Meaning of Transition Rate
The Transition Rate for a Fiscal Year means: (a) if the Fiscal Year starts in the 2023 or 2024 calendar year—15%; or (b) if the Fiscal Year starts in the 2025 calendar year—16%; or (c) if the Fiscal Year starts in the 2026 calendar year—17%.