Division of Revenue Act, 2012
R 385
Global Minimum Tax Act, 2024 (Act No. 46 of 2024)Part IV : Domestic Minimum Top-up TaxA. Constituent Entity liability7. Charge to Tax for Domestic Joint Ventures |
| (1) | Each Domestic Joint Venture and Domestic Joint Venture Subsidiary of a Domestic Joint Venture Group is jointly and severally liable to pay a Domestic Minimum Top-up Tax for each Fiscal Year of the MNE Group that includes the Domestic Joint Venture or Domestic Joint Venture Subsidiary. |
| (2) | The Domestic Minimum Top-up Tax for the Fiscal Year must be equal to the Top-up Tax for the Domestic Joint Venture Group determined for the Domestic Joint Venture Group. |
