Section 27 — Purpose of this Part

(1)The purpose of this Part is to implement a top‑up tax in respect of an MNE group that is intended to be a qualified domestic minimum top‑up tax within the meaning of the GloBE rules.[Act 25 of 2025 wef 01/01/2025]

(2)For that purpose, this Part makes provision for a tax payable in respect of an MNE group where the conditions in section 28(1) are satisfied for a financial year.

(3)The tax is to be known as the “domestic top‑up tax” or “DTT”.

(4)The provisions of this Part must be interpreted in a manner that is consistent with the purpose in subsection (1).