Document ID: chunk:federal_register_of_legislation:C2024A00134:clause:1_20:p2
Version: federal_register_of_legislation:C2024A00134
Segment Type: clause
Provision Reference: sch 1 cl 20 (pt 2/2)
Character Range: 9733–10686

amount of a *tax offset under this Division;
 (d) the nature of any other benefit specified in the determination.
 (5) A reference in this section to a *Group Entity does not include a reference to a *GloBE Excluded Entity.

770‑150  Meaning of foreign DMT tax
 (1) A tax is a foreign DMT tax if it is any of the following:
 (a) tax that is payable under a *foreign law and is a *Qualified Domestic Minimum Top‑up Tax;
 (b) tax that is payable under a foreign law and would be a Qualified Domestic Minimum Top‑up Tax if paragraph (c) of the definition of Qualified Domestic Minimum Top‑up Tax in the *GloBE Rules were disregarded;
 (c) tax that is payable under a foreign law specified by regulations made for the purposes of this paragraph.
 (2) If regulations made for the purposes of this subsection specify a provision of this Act and a tax that is payable under a foreign law, for the purposes of that provision, that tax is also a foreign DMT tax.