Global Minimum Tax Administration Tax Act, 2024 (Act No. 47 of 2024)

In this Act, unless the context indicates otherwise, any meaning ascribed to a word or expression in the Global Minimum Tax Act or the Tax Administration Act, has the meaning so ascribed, and—

"Designated Filing Entity"

means the Constituent Entity, other than the Ultimate Parent Entity, that has been appointed by the MNE Group to submit the GloBE Information Return on behalf of the MNE Group under section 4;

"Designated Local Entity"

means the Domestic Constituent Entity of an MNE Group that has been appointed by the other Domestic Constituent Entities of the MNE Group to submit the GloBE Information Return;

"GloBE Information Return"

means—

(a)	in an international context, a return conforming to the requirements of Articles 8.1.4 to 8.1.6 of the GloBE Model Rules; and

(b)	in a domestic context, a return under section 25 of the Tax Administration Act taking into account the GloBE Information Return as defined in the GloBE Model Rules;

"Global Minimum Tax Act"

means the Global Minimum Tax Act, 2024;

"GloBE Model Rules"

are the GloBE Model Rules as defined in the Global Minimum Tax Act and applied in accordance with that Act;

"Reporting Fiscal Year"

means the Fiscal Year that is the subject of the GloBE Information Return due under section 2;

"Tax Administration Act"

means the Tax Administration Act, 2011 (Act No. 28 of 2011); and

"Qualifying Competent Authority Agreement"

means a bilateral or multilateral agreement or arrangement between Competent Authorities that provides for the automatic exchange of GloBE Information Returns.