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 DMT tax returns
SECTION 127-45 AUSTRALIAN DMT TAX RETURNS 127-45(1)
The purpose of this section is to provide, for the purposes of administering the * Australian DMT tax, for a return that supplements the * GloBE Information Return.
127-45(2)
Subject to subsection (5) , a * Group Entity of an * Applicable MNE Group for a * Fiscal Year must give the Commissioner a return under this subsection (an Australian DMT tax return ) for the Fiscal Year if the Group Entity has a * Australian DMT tax amount for the Fiscal Year (including a nil amount).
127-45(3)
The return must: (a) be * lodged electronically; and (b) be in the * approved form.
127-45(4)
However, the return need not be lodged in circumstances set out in a determination under subsection (5) .
127-45(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 127-45 AUSTRALIAN DMT TAX RETURNS 127-45(1)
The purpose of this section is to provide, for the purposes of administering the * Australian DMT tax, for a return that supplements the * GloBE Information Return.
127-45(2)
Subject to subsection (5) , a * Group Entity of an * Applicable MNE Group for a * Fiscal Year must give the Commissioner a return under this subsection (an Australian DMT tax return ) for the Fiscal Year if the Group Entity has a * Australian DMT tax amount for the Fiscal Year (including a nil amount).
Note:
The Group Entity is required to give the Commissioner a DMT return if the Group Entity has an Australian DMT tax amount for the Fiscal Year, even if the amount of Australian DMT tax the Group Entity is liable to pay in relation to the Fiscal Year is nil.
127-45(3)
The return must: (a) be * lodged electronically; and (b) be in the * approved form.
127-45(4)
However, the return need not be lodged in circumstances set out in a determination under subsection (5) .
127-45(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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