Multinational Enterprise (Minimum Tax) Act 2024 s 27
s 27 Purpose of this Part
27.—(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).
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