Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 770.150

  (1)   A tax is a foreign DMT tax if it is any of the following:

  (a)   tax that is payable under a * foreign law and is a * Qualified Domestic Minimum Top - up Tax;

  (b)   tax that is payable under a foreign law and would be a Qualified Domestic Minimum Top - up Tax if paragraph   (c) of the definition of Qualified Domestic Minimum Top - up Tax in the * GloBE Rules were disregarded;

  (c)   tax that is payable under a foreign law specified by regulations made for the purposes of this paragraph.

  (2)   If regulations made for the purposes of this subsection specify a provision of this Act and a tax that is payable under a foreign law, for the purposes of that provision, that tax is also a foreign DMT tax .

Table of sections

770 - 190   Amendment of assessments