Section 229B Untaxed amountsF1

A member of a multinational group has an untaxed amount if conditions A and B are met.

Condition A is that the top-up amount and additional top-up amounts of the member are potentially undertaxed.

Condition B is that the sum of amounts attributed under Chapter 7 to responsible members in respect of the member’s top-up amount and additional top-up amounts is less than the sum of the member’s top-up amount and additional top-up amounts.

The untaxed amount is the amount given by subtracting—