Regulation 6
Conversion of amount in functional currency for DTT purposes
of Multinational Enterprise (Minimum Tax) Regulations 2024
Subsidiary LegislationIn forceProvision 9 of 111
Regulation 6
For the purpose of section 9(6), the conversion of an amount in the functional currency into the currency in section 9(6)(a) or (b) is to be made in accordance with the applicable rules (including any applicable guidance for hyperinflation) in the Accounting Standards made or formulated under Part 3 of the Accounting Standards Act 2007.