Treasury Laws Amendment (Multinational - Global and Domestic Minimum Tax) (Consequential) Act 2024 (134 of 2024)
Schedule 1 Amendments
Taxation Administration Act 1953
48 Subsection 284-90(1) in Schedule 1 (after table item 6)
Insert:
|
6A |
(a) you have a *shortfall amount for a *Fiscal Year, all or part of which resulted from you or your agent treating the *Minimum Tax law as applying to a matter or identical matters in a particular way that was not *reasonably arguable; and (b) that amount is more than your threshold for the Fiscal Year under subsection (3A). |
25% of your shortfall amount or part |