Akta Kewangan (No. 2) 2023 · Updated to 29 Dec 2023 · Chapter 7
177. Jurisdictional Top-up Tax
Feedback & supportFor the purposes of a Multinational Top-up Tax, the
Jurisdictional Top-up Tax for a jurisdiction for a Financial
Year is equal to the positive amount, if any, computed in accordance with the following formula:
(A x B) + C – D where
A is the Top-up Tax Percentage, being percentage point difference determined in accordance with section 175 for the jurisdiction for the Financial Year;
B is the Excess Profit as determined in accordance with section 176 for the jurisdiction for the Financial Year;
C is the Additional Current Multinational
Top-up Tax, being the amount determined, or treated as Additional
Current Multinational Top-up Tax, under subsection 169(3) or 181(1)
for the jurisdiction for the Financial Year;
and
D is the Domestic Top-up Tax, being the amount payable under a Qualified Domestic
Top-up Tax of the jurisdiction for the
Financial Year.
Undang-Undang Malaysia 100
Notwithstanding subsection (1), for the purposes of
Domestic Top-up Tax, the Jurisdictional Top-up Tax for a jurisdiction for a Financial Year is equal to the positive amount, if any, computed in accordance with the following formula:
(A x B) + C where
A is the Top-up Tax Percentage, being percentage point difference determined in accordance with section 175 for the jurisdiction for the Financial Year;
B is the Excess Profit as determined in accordance with section 176 for the jurisdiction for the Financial Year; and
C is the Additional Current Multinational
Top-up Tax, being the amount determined, or treated as Additional Current
Multinational Top-up Tax, under subsections 169(3) to (4) or subsection 181(1)
for the jurisdiction for the Financial Year.