Schedules

Schedule 16Multinational top-up tax: transitional provision

Part 2Transitional safe harbour

Chapter 2Application to joint ventures etc

11Application to investment entities in same territory as owners

1

Subsection (2) applies where—

a

an investment entity that is a member of a multinational group, and

b

all of the members of a multinational group with direct ownership interests in it,

are located in the same territory.

2

The investment entity is to be treated as a standard member of that group for the purposes of this Part of this Schedule.