| Links from Section 111U | ||
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| Act | Linked to | Context |
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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. |
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Taxes Consolidation Act, 1997 |
(7) The amount of additional top-up tax referred to in subsection (6) shall be allocated to each constituent entity in the jurisdiction in accordance with section 111AF(3). |
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Taxes Consolidation Act, 1997 |
(f) the amount received by the originator, as defined in section 111V of a non-marketable transferable tax credit in exchange for the credit, |
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Taxes Consolidation Act, 1997 |
(d) the net amount of the additions and reductions to covered taxes for the fiscal year as set out in section 111W. |
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Taxes Consolidation Act, 1997 |
(b) the total deferred tax adjustment amount as set out in section 111X, |
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Taxes Consolidation Act, 1997 |
(b) any amount of qualifying loss deferred tax asset that has been used by the constituent entity pursuant to section 111Y(2), |
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| Links to Section 111U (from within TaxSource Total) | ||
| Act | Linked from | Context |
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Taxes Consolidation Act, 1997 |
“adjusted covered taxes” has the meaning assigned to it in section 111U; |
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Taxes Consolidation Act, 1997 |
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Taxes Consolidation Act, 1997 |
(vi)section 111AW(3) shall apply to transactions occurring after 30 November 2021 and before the beginning of the new transition year but where domestic top-up tax was payable due to the application of section 111U(6) in respect of a deferred tax asset attributable to a tax loss, such deferred tax asset shall not be treated as arising from items excluded from the calculation of qualifying income or loss under Chapter 3. |
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Taxes Consolidation Act, 1997 |
(3)(a) Where, pursuant to subsections (5) and (6) of section 111U, an additional top-up tax is due for a jurisdiction, the qualifying income of a constituent entity located in that jurisdiction for the purposes of section 111I(2), shall be an amount calculated as— |
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Taxes Consolidation Act, 1997 |
(b) notwithstanding sections 111U(3)(a) and 111X(5)(a), include all current and deferred tax expense in respect of the amounts referred to in paragraph (a) in the calculation of its adjusted covered taxes, subject to the provisions of this Part. |
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Taxes Consolidation Act, 1997 |
(a) equal to or less than the minimum tax rate, the total deferred tax adjustment amount to be added to the adjusted covered taxes of a constituent entity for a fiscal year pursuant to section 111U(1)(b) shall be the deferred tax expense accrued in its financial accounts for a fiscal year with respect to covered taxes, or |
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Taxes Consolidation Act, 1997 |
(b) greater than the minimum tax rate, the total deferred tax adjustment amount to be added to the adjusted covered taxes of a constituent entity for a fiscal year pursuant to section 111U(1)(b) shall be the deferred tax expense accrued in its financial accounts for a fiscal year with respect to covered taxes recalculated at the minimum tax rate. |
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