Paragraph 4 Elective qualifying domestic top-up taxes

In section 128 (responsible members), after subsection (7) insert—

“(7A)

If for an accounting period—

(a)

the application in relation to an entity located in a territory of a tax equivalent to the IIR provisions of multinational top-up tax depends on the making by any person of an election or claim, and

(b)

the tax does not apply in relation to the entity because such an election or claim is or is not made,

subsection (7)(b)(i) has effect in relation to the entity as though the tax were not in force in the territory for the period.”