Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
PART 3-18
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AUSTRALIAN IIR/UTPR TAX AND AUSTRALIAN DMT TAX
Division 127
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General provisions relating to Australian IIR/UTPR tax and Australian DMT tax
Subdivision 127-A
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Returns
Australian IIR/UTPR tax returns
SECTION 127-35 AUSTRALIAN IIR/UTPR TAX RETURNS 127-35(1)
The purpose of this section is to provide, for the purposes of administering the * Australian IIR/UTPR tax, for a return that supplements the * GloBE Information Return.
127-35(2)
Subject to subsection (4) , a * Group Entity of an * Applicable MNE Group for a * Fiscal Year must give the Commissioner a return under this subsection (an Australian IIR/UTPR tax return ) for the Fiscal Year if the Group Entity has an * Australian IIR/UTPR tax amount for the Fiscal Year (including a nil amount).
127-35(3)
The return must: (a) be * lodged electronically; and (b) be in the * approved form.
127-35(4)
However, the return need not be lodged in circumstances set out in a determination under subsection (5) .
127-35(5)
The Commissioner may, by legislative instrument, make a determination specifying circumstances in which a * Group Entity need not lodge a return under subsection (2) .
View history note
Hide history noteNote: See section 3AA .
Chapter 3 - Collection, recovery and administration of other taxesSECTION 127-35 AUSTRALIAN IIR/UTPR TAX RETURNS 127-35(1)
The purpose of this section is to provide, for the purposes of administering the * Australian IIR/UTPR tax, for a return that supplements the * GloBE Information Return.
127-35(2)
Subject to subsection (4) , a * Group Entity of an * Applicable MNE Group for a * Fiscal Year must give the Commissioner a return under this subsection (an Australian IIR/UTPR tax return ) for the Fiscal Year if the Group Entity has an * Australian IIR/UTPR tax amount for the Fiscal Year (including a nil amount).
127-35(3)
The return must: (a) be * lodged electronically; and (b) be in the * approved form.
127-35(4)
However, the return need not be lodged in circumstances set out in a determination under subsection (5) .
127-35(5)
The Commissioner may, by legislative instrument, make a determination specifying circumstances in which a * Group Entity need not lodge a return under subsection (2) .
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