Global Minimum Tax Administration Tax Act, 2024 (Act No. 47 of 2024)5. Due date for payment |
| (1) | The Top-up Tax must be paid by the date under section 3(a) or (b). |
| (2) | The Designated Local Entity or Designated Filing Entity may pay the Top-up Tax on behalf of all Domestic Constituent Entities. |
| (3) | If a Domestic Constituent Entity, Domestic Joint Venture or Domestic Joint Venture Subsidiary does not fully comply with subsection (1) or (2), the Commissioner may assess one or more Domestic Constituent Entity, Domestic Joint Venture or Domestic Joint Venture Subsidiary for the full or part of the amount of Top-up Tax due. |