MTCA publishes legislative updates overview

The MTCA has published Legislative Update 3 of 2024, which gives an  overview of subsidiary legislation issued under the Income Tax Acts between January and April 2024.

Determining the Top-Up Tax & the Inclusion Rules

Another session in The MIT Series: Global Minimum Tax Rules, this will address the following:

• Jurisdictional ETR formula
• Concept of Excess Profits & SBIE Amount
• Allocation of Top-up Tax Amount to Constituent Entities
• Concept of Additional Current Top-up Tax Amount and associated allocation rules
• The QDMTT
• The IIR
• The UTPR