Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_3:p13
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 13/16)
Character Range: 996591–999238

*GloBE located in Australia and the *GloBE Permanent *Establishment is GloBE located in Australia, sections 127‑5 to 127‑30 apply in relation to the Group Entity in the same way that they apply in relation to a Group Entity that is GloBE located in Australia.

Subdivision 127‑B—When taxes are due and payable etc.

Table of sections

Operative provisions
127‑70 When Australian IIR/UTPR tax and Australian DMT tax and related charges are due and payable
127‑75 Assessments of Australian IIR/UTPR tax and Australian DMT tax

Operative provisions

127‑70  When Australian IIR/UTPR tax and Australian DMT tax and related charges are due and payable

Original assessments
 (1) If a *Group Entity of an *Applicable MNE Group is liable to pay an amount of *Australian IIR/UTPR tax or *Australian DMT tax for a *Fiscal Year, the amount is due and payable on the last day of the 15th month after the end of the Fiscal Year.
 (2) However, if the *Fiscal Year is the *Applicable MNE Group's *GloBE Transition Year, the amount is due and payable on the last day of the 18th month after the end of the Fiscal Year.

Amended assessments
 (3) If the Commissioner amends a *Group Entity's assessment of an amount of *Australian IIR/UTPR tax or *Australian DMT tax, any extra such tax resulting from the amendment is due and payable 21 days after the day the Commissioner gives the Group Entity notice of the amended assessment.

Shortfall interest charge
 (4) If a *Group Entity is liable to pay an amount of *shortfall interest charge under section 280‑102E, the amount is due and payable 21 days after the day the Commissioner gives the Group Entity notice of the charge.

General interest charge
 (5) If an amount of *Australian IIR/UTPR tax or *Australian DMT tax or *shortfall interest charge payable under this section remains unpaid after it is due and payable, the *Group Entity is liable to pay *general interest charge on the unpaid amount for each day in the period that:
 (a) started at the beginning of the day by which the amount was due to be paid; and
 (b) finishes at the end of the last day at the end of which any of the following remains unpaid:
 (i) the amount of such tax or shortfall interest charge;
 (ii) general interest charge on any of the amount of such tax or shortfall interest charge.

127‑75  Assessments of Australian IIR/UTPR tax and Australian DMT tax
 (1) In applying Division 155 in relation to an amount of *Australian IIR/UTPR tax or *Australian DMT tax, apply the provisions of that Division with the modification set out in subsection (2) of this section.
 (2) Despite subsection 155‑35(2), the period of review, for an