Links from Section 111AD | ||
---|---|---|
Act | Linked to | Context |
Taxes Consolidation Act, 1997 |
is the effective tax rate of the jurisdiction for the fiscal year calculated in accordance with section 111AC. |
|
Taxes Consolidation Act, 1997 |
is the positive amount, if any, of the net qualifying income of all the constituent entities in the jurisdiction determined in accordance with section 111AC(3), and |
|
Taxes Consolidation Act, 1997 |
is the substance-based income exclusion amount for the jurisdiction for the fiscal year determined in accordance with section 111AE. |
|
Taxes Consolidation Act, 1997 |
is the additional top-up tax for the jurisdiction for a fiscal year determined in accordance with section 111AF, and |
|
Taxes Consolidation Act, 1997 |
(a) the jurisdictional top-up tax for a fiscal year is a result of a recalculation to which section 111AF applies, and |
|
Taxes Consolidation Act, 1997 |
the top-up tax shall be allocated to each constituent entity using the calculation provided for in subsection (5), based on the qualifying income of the constituent entities in the fiscal year, for which the recalculations pursuant to section 111AF are performed. |
|
Links to Section 111AD (from within TaxSource Total) | ||
Act | Linked from | Context |
Taxes Consolidation Act, 1997 |
“top-up tax” means the top-up tax calculated for a jurisdiction or a constituent entity pursuant to section 111AD; |
|
Taxes Consolidation Act, 1997 |
(b) the formula in section 111AD(3) took no account of qualified domestic top-up tax payable, |
|
Taxes Consolidation Act, 1997 |
an adjustment to covered taxes or qualifying income or loss results in the recalculation of the effective tax rate and top-up tax of the MNE group or large-scale domestic group for a jurisdiction for a prior fiscal year, the effective tax rate and top-up tax shall be recalculated in accordance with sections 111AC, 111AD and 111AE. |
|
Taxes Consolidation Act, 1997 |
(b) Any amount of incremental top-up tax arising from the recalculation referred to in paragraph (a) shall be treated as an additional top-up tax for the purpose of section 111AD(3) for the fiscal year in which the relevant adjustment is made. |
|
Taxes Consolidation Act, 1997 |
TUTA is the top-up tax allocated to the constituent entity pursuant to subsections (5) and (6) of section 111AD, and |
|
Taxes Consolidation Act, 1997 |
(4) Where a constituent entity is allocated additional top-up tax in accordance with this section or subsection (5) or (6) of section 111AD, such constituent entity shall be treated as a low-taxed constituent entity for the purposes of Chapter 2. |
|
Taxes Consolidation Act, 1997 |
(2) Notwithstanding section 111AD(3), and subject to subsections (3) to (6), on the making of an election by a filing constituent entity in respect of a QDTT subgroup for a fiscal year, jurisdictional top-up tax in respect of the QDTT subgroup for the fiscal year concerned shall be deemed to be zero (in this section, referred to as the ‘QDTT Safe Harbour’) where the qualified domestic top-up tax implemented under the tax law of that jurisdiction is determined to have met the QDTT Safe Harbour standards under an OECD peer review process prior to the specified return date in respect of that fiscal year. |
|
Taxes Consolidation Act, 1997 |
(2) Notwithstanding section 111AD(3), and subject to subsections (4), (7) to (11) and (14), on the making of an election by a filing constituent entity, the jurisdictional top-up tax for an MNE group in respect of a jurisdiction for a fiscal year during the transition period shall be deemed to be zero (referred to in this section as the ‘transitional CbCR safe harbour’) where, in respect of the fiscal year concerned— |
|
Taxes Consolidation Act, 1997 |
A is the top-up tax of the low-taxed constituent entity, as calculated in accordance with section 111AD, and |
|
Taxes Consolidation Act, 1997 |
(3) In addition to the amount allocated to a parent entity in accordance with subsection (1), IIR top-up tax due by a parent entity pursuant to section 111E(2), 111F(2), 111G(2) or 111H(2), as the case may be, shall include, for the fiscal year, in accordance with section 111AD, the full amount of top-up tax calculated for that parent entity. |
|
Taxes Consolidation Act, 1997 |
(1) Notwithstanding section 111AI, where a Member State does not apply a qualified domestic top-up tax to collect any additional top-up tax arising in accordance with Article 29 of the Directive, additional top-up tax shall be computed pursuant to section 111AF and such additional top-up tax shall be considered to be jurisdictional top-up tax for the purposes of section 111AD(3). |
|
Taxes Consolidation Act, 1997 |
(2) Where the amount of qualified domestic top-up tax in respect of a constituent entity for a fiscal year has not been paid within 4 fiscal years following the fiscal year in which it was due, the amount of qualified domestic top-up tax that was not paid shall be added to the jurisdictional top-up tax in respect of the jurisdiction where the constituent entity is located calculated in accordance with section 111AD(3). |
|
Taxes Consolidation Act, 1997 |
(3) The total UTPR top-up tax of an MNE group for a fiscal year shall be equal to the sum of the top-up tax calculated for each low-taxed constituent entity of the MNE group for that fiscal year, in accordance with section 111AD, as adjusted by subsections (4) and (5). |
|
Taxes Consolidation Act, 1997 |
(9) On the making of an election by a filing constituent entity, or where the top-up tax percentage for a jurisdiction for a fiscal year as calculated in accordance with section 111AD(2) exceeds the minimum tax rate, an MNE group or large-scale domestic group shall exclude the excess negative tax expense from its adjusted covered taxes for a jurisdiction in respect of the fiscal year and establish an excess negative tax expense carry-forward. |