Multinational Enterprise (Minimum Tax) Act 2024 · Sch 2

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SECOND SCHEDULESection 18(2) and (3)1. In section 18(2), the applicable percentage is —(a)for a financial year beginning in 2023, 10.0%;(b)for a financial year beginning in 2024, 9.8%;(c)for a financial year beginning in 2025, 9.6%;(d)for a financial year beginning in 2026, 9.4%;(e)for a financial year beginning in 2027, 9.2%;(f)for a financial year beginning in 2028, 9.0%;(g)for a financial year beginning in 2029, 8.2%;(h)for a financial year beginning in 2030, 7.4%;(i)for a financial year beginning in 2031, 6.6%;(j)for a financial year beginning in 2032, 5.8%; and(k)for a financial year beginning after 2032, 5.0%.2. In section 18(3), the applicable percentage is —(a)for a financial year beginning in 2023, 8.0%;(b)for a financial year beginning in 2024, 7.8%;(c)for a financial year beginning in 2025, 7.6%;(d)for a financial year beginning in 2026, 7.4%;(e)for a financial year beginning in 2027, 7.2%;(f)for a financial year beginning in 2028, 7.0%;(g)for a financial year beginning in 2029, 6.6%;(h)for a financial year beginning in 2030, 6.2%;(i)for a financial year beginning in 2031, 5.8%;(j)for a financial year beginning in 2032, 5.4%; and(k)for a financial year beginning after 2032, 5.0%.

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Sch 2

SECOND SCHEDULESection 18(2) and (3)

1. In section 18(2), the applicable percentage is —

(a)

for a financial year beginning in 2023, 10.0%;

(b)

for a financial year beginning in 2024, 9.8%;

(c)

for a financial year beginning in 2025, 9.6%;

(d)

for a financial year beginning in 2026, 9.4%;

(e)

for a financial year beginning in 2027, 9.2%;

(f)

for a financial year beginning in 2028, 9.0%;

(g)

for a financial year beginning in 2029, 8.2%;

(h)

for a financial year beginning in 2030, 7.4%;

(i)

for a financial year beginning in 2031, 6.6%;

(j)

for a financial year beginning in 2032, 5.8%; and

(k)

for a financial year beginning after 2032, 5.0%.

2. In section 18(3), the applicable percentage is —

(a)

for a financial year beginning in 2023, 8.0%;

(b)

for a financial year beginning in 2024, 7.8%;

(c)

for a financial year beginning in 2025, 7.6%;

(d)

for a financial year beginning in 2026, 7.4%;

(e)

for a financial year beginning in 2027, 7.2%;

(f)

for a financial year beginning in 2028, 7.0%;

(g)

for a financial year beginning in 2029, 6.6%;

(h)

for a financial year beginning in 2030, 6.2%;

(i)

for a financial year beginning in 2031, 5.8%;

(j)

for a financial year beginning in 2032, 5.4%; and

(k)

for a financial year beginning after 2032, 5.0%.