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

4. Exception for returns provided under automatic exchange of information agreement

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(1) A Domestic Constituent Entity need not submit the GloBE Information Return under section 2 if the return has been submitted by—
(a) the Ultimate Parent Entity located in a jurisdiction that has a Qualifying Competent Authority Agreement in effect with the Republic for the Reporting Fiscal Year; or
(b) a Designated Filing Entity located in a jurisdiction that has a Qualifying Competent Authority Agreement in effect with the Republic for the Reporting Fiscal Year.

 

(2) Where subsection (1) applies, the Domestic Constituent Entity must notify the Commissioner no later than six months prior to the due date of the GloBE Information Return under section 3 of the identity of the Entity that submits the GloBE Information Return and the jurisdiction in which it is located.