Schedules
Schedule 12Pillar Two
Part 2Multinational top-up tax
23Substance based income exclusion: impairment losses
In section 197(4)—
a
omit the “and” after paragraph (b), and
b
after paragraph (c) insert—
d
any impairment loss, and
e
so much of the reversal of a previous impairment loss as does not cause the carrying value to exceed the value it would have been had the impairment loss not been recognised,