Global Minimum Tax Act, 2024 (Act No. 46 of 2024)

Part V : Imposition of and liability for top-up tax

22. Top-up tax liability in domestic currency
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If the Top-up Tax amount calculated in Parts II, III and IV is in a foreign currency, the Top-up Tax for the Fiscal Year shall be translated into Rands by using the average exchange rate as defined in the Income Tax Act for the Fiscal Year to which the tax relates.