27. Purpose of this Part

The purpose of this Part is to implement a top‑up tax in respect of an MNE group that is intended to be a qualified domestic minimum top‑up tax within the meaning of the GloBE rules.

For that purpose, this Part makes provision for a tax payable in respect of an MNE group where the conditions in section 28(1) are satisfied for a financial year.

The tax is to be known as the “domestic top‑up tax” or “DTT”.

The provisions of this Part must be interpreted in a manner that is consistent with the purpose in subsection (1).