https://www.taxtmi.com/article/detailed?id=11669 A de minimis exclusion allows an MNE to elect that the top-up tax for all constituent entities in a jurisdiction is zero for a fiscal year where the three year average of jurisdictional GloBE revenue and net GloBE income or loss each fall below specified monetary thresholds; the election is annual, includes minority owned entities in jurisdictional aggregation, relies on financial accounting revenue adjusted only by Chapter 3 revenue affecting adjustments, and excludes stateless and investment entities from the threshold calculations. en-us Fri, 28 Jul 2023 10:30:02 +0530 Fri, 28 Jul 2023 10:30:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11669 A de minimis exclusion allows an MNE to elect that the top-up tax for all constituent entities in a jurisdiction is zero for a fiscal year where the three year average of jurisdictional GloBE revenue and net GloBE income or loss each fall below specified monetary thresholds; the election is annual, includes minority owned entities in jurisdictional aggregation, relies on financial accounting revenue adjusted only by Chapter 3 revenue affecting adjustments, and excludes stateless and investment entities from the threshold calculations. Articles Other Topics Fri, 28 Jul 2023 10:30:02 +0530 https://www.taxtmi.com/article/detailed?id=11669