https://www.taxtmi.com/article/detailed?id=11639 The GloBE Safe Harbour allows an MNE Group to elect annually to treat Constituent Entities in jurisdictions likely taxed at or above the minimum rate as having zero Top up Tax for a fiscal year, provided the election and identification of entities are recorded in the GloBE Information Return. Jurisdictions affected by the Safe Harbour may challenge the underlying data; they must notify the Liable Constituent Entity within a specified period and invite clarification, and if the entity cannot demonstrate that the identified facts did not materially affect eligibility within the response period, the Safe Harbour will not apply. en-us Sat, 22 Jul 2023 20:29:38 +0530 Sat, 22 Jul 2023 20:29:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11639 The GloBE Safe Harbour allows an MNE Group to elect annually to treat Constituent Entities in jurisdictions likely taxed at or above the minimum rate as having zero Top up Tax for a fiscal year, provided the election and identification of entities are recorded in the GloBE Information Return. Jurisdictions affected by the Safe Harbour may challenge the underlying data; they must notify the Liable Constituent Entity within a specified period and invite clarification, and if the entity cannot demonstrate that the identified facts did not materially affect eligibility within the response period, the Safe Harbour will not apply. Articles Other Topics Sat, 22 Jul 2023 20:29:38 +0530 https://www.taxtmi.com/article/detailed?id=11639