§ 50 — Assessment in event of failure to register

50.—(1) This section applies —(a)

where the ultimate parent entity of an MNE group to which this Act applies for a financial year, fails to register the MNE group in accordance with section 31; or

(b)

after the registration of the MNE group under section 31 or 32, as the case may be.

(2) The Comptroller may make an assessment of the MTT chargeable on each chargeable entity of the MNE group for each financial year for which the MNE group was not registered but should have been registered.

(3) The Comptroller may also make an assessment on the designated local DTT filing entity of the MNE group of the total DTT payable in respect of the MNE group for those financial years for which the MNE group was not registered but should have been registered.

(4) Section 49(3) and (5) to (8) applies in relation to an assessment under this section as it applies in relation to an assessment under section 49.

—(1) This section applies —(a)

where the ultimate parent entity of an MNE group to which this Act applies for a financial year, fails to register the MNE group in accordance with section 31; or

(b)

after the registration of the MNE group under section 31 or 32, as the case may be.

(2) The Comptroller may make an assessment of the MTT chargeable on each chargeable entity of the MNE group for each financial year for which the MNE group was not registered but should have been registered.

(3) The Comptroller may also make an assessment on the designated local DTT filing entity of the MNE group of the total DTT payable in respect of the MNE group for those financial years for which the MNE group was not registered but should have been registered.

(4) Section 49(3) and (5) to (8) applies in relation to an assessment under this section as it applies in relation to an assessment under section 49.