What do you understand by "GloBE Rules"? Which entities are covered under these Rules?
CA Final · Direct Tax Laws and International Taxation · MTP · January 2026
What do you understand by "GloBE Rules"? Which entities are covered under these Rules?
Suggested Answer and Working Notes:
Pillar Two consists of GloBE Rules which means Global Anti-Base Erosion rules, through which 15% global minimum tax has been introduced. The GloBE Rules apply to constituent entities that are members of an MNE Group that has annual revenue of EURO 750 million or more in the Consolidated Financial Statements of the Ultimate Parent Entity (UPE) in at least two of the four Fiscal Years immediately preceding the tested Fiscal Year.
Topics: Latest Developments in International Taxation
Related Questions in this Topic
- M/s. PQR is a firm liable to tax@30%. The following are the particulars furnished by the firm for A.Y.2026-27: Par...
- Specify with reason, whether the following acts can be considered as: (A) Tax planning; or (B) Tax management; or (C) T...
- A search was conducted u/s 132 of the Income-tax Act, 1961 in the case of ABC Jewellers (P) Ltd., a gold jewellery retai...
- "In addition to allocating the taxing rights and elimination of double taxation, there are various other important consi...
- Answer any two of the following three sub-parts (i), (ii), (iii) on the basis of decided case laws, bringing out the fol...