Taxation Administration Act 1953
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Hide history noteNote: See section 3AA .
Chapter 3 - Collection, recovery and administration of other taxesSECTION 127-75 ASSESSMENTS OF AUSTRALIAN IIR/UTPR TAX AND AUSTRALIAN DMT TAX 127-75(1)
In applying Division 155 in relation to an amount of * Australian IIR/UTPR tax or * Australian DMT tax, apply the provisions of that Division with the modification set out in subsection (2) of this section.
127-75(2)
Despite subsection 155-35(2) , the period of review , for an assessment of an amount of *Australian IIR/UTPR tax for a *Fiscal Year, is: (a) the period of 4 years starting on the later of:
(i) the day on which the * GloBE Information Return for the relevant * Applicable MNE Group for the Fiscal Year is given to the Commissioner; and
(b) if the period of review is extended under subsection 155-35(3) or (4) - the period as so extended.
(ii) the day on which the * Australian IIR/UTPR tax return for the relevant * Group Entity for the Fiscal Year is given to the Commissioner; or
127-75(3)
Despite subsection 155-35(2) , the period of review , for an assessment of an amount of * Australian DMT tax for a * Fiscal Year, is: (a) the period of 4 years starting on the later of:
(i) the day on which the * GloBE Information Return for the relevant * Applicable MNE Group for the Fiscal Year is given to the Commissioner; and
(b) if the period of review is extended under subsection 155-35(3) or (4) - the period as so extended.
(ii) the day on which the * Australian DMT tax return for the relevant * Group Entity for the Fiscal Year is given to the Commissioner; or
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