Where a Constituent Entity has furnished an amended return in accordance with section 203 for a Financial Year, the Director General shall be deemed to have made, on the day on which the amended return is furnished, an assessment or additional assessment in respect of that Constituent Entity in the amount of Domestic Top-up Tax or Multinational
Constituent Entity
“Constituent Entity” means— (a) any Entity that is included in a Group; or (b) any Permanent Establishment of a Main Entity that is within paragraph (a) and which is treated as separate from the Main Entity and any other Permanent Establishment of that Main Entity, but does not include an Excluded Entity;
Top-up Tax—
in the amount of tax or additional tax payable; or
in the amount of tax which has been or would have been wrongly repaid, the tax or additional tax being the amounts as specified in the amended return.
For the purposes of this Act, where the Director General is deemed to have made an assessment or additional assessment under subsection (1)—
the amended return referred to in that subsection shall be deemed to be a notice of assessment or additional assessment; and
the deemed notice of assessment or additional assessment shall be deemed to have been served on the Constituent Entity on the day on which the Director General is deemed to have made the assessment or additional assessment.
Form and making of Domestic Top-up Tax or Multinational