https://www.taxtmi.com/article/detailed?id=11496 Rebasing converts EUR-denominated GloBE monetary thresholds into local currency annually using the average foreign exchange rate for December of the calendar year immediately preceding the calendar year in which a Fiscal Year starts; where ECB reference rates are unavailable or impracticable, the jurisdiction's central bank December average is used. Rebasing is performed separately for each Fiscal Year so multi-year tests must compare revenues or amounts converted with the year-specific translated thresholds rather than a single uniform exchange rate. en-us Wed, 14 Jun 2023 11:57:55 +0530 Wed, 14 Jun 2023 11:57:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11496 Rebasing converts EUR-denominated GloBE monetary thresholds into local currency annually using the average foreign exchange rate for December of the calendar year immediately preceding the calendar year in which a Fiscal Year starts; where ECB reference rates are unavailable or impracticable, the jurisdiction's central bank December average is used. Rebasing is performed separately for each Fiscal Year so multi-year tests must compare revenues or amounts converted with the year-specific translated thresholds rather than a single uniform exchange rate. Articles Income Tax Wed, 14 Jun 2023 11:57:55 +0530 https://www.taxtmi.com/article/detailed?id=11496