Seksyen 176
Excess Profit
The Excess Profit for the jurisdiction for the Financial
Year is the positive amount, if any, computed in accordance with the following formula:
A – B where
A is the Net GloBE Income as determined under subsection 174(4) for the jurisdiction for the Financial Year; and
B is the Substance-based Income Exclusion as determined under section 180 for the jurisdiction for the Financial Year, if any.
Kewangan (No. 2)
(2)
Notwithstanding subsection (1), for the purposes of
Domestic Top-up Tax, Excess Profits may be computed based on an Acceptable Financial Accounting Standard permitted by an Authorised Accounting Body or an Authorised Financial
Accounting Standard adjusted to prevent any Material
Competitive Distortions, rather than the financial accounting standard used in the Consolidated Financial Statements.