Regulation 97

A tax imposed by each law of a jurisdiction set out under the column entitled “Domestic law” in the table under the heading “Qualified Income Inclusion Rules” (as amended from time to time) on the prescribed webpage, is prescribed as a tax that is equivalent in effect as the MTT for the purposes of the Act.

Such tax is a tax prescribed under paragraph (1) with effect from the date indicated under the column entitled “Effective date” in that table, opposite the law imposing it.