Chapter 4 - Accounting
Article 30 - Adjusted Covered Taxes
For the purposes of applying the provisions of Paragraph B of Article 7 of the Law, the Adjusted Covered Taxes of a Constituent Entity for a Fiscal Year shall be determined by adjusting the sum of the current tax expense accrued in the Financial Accounting Net Income or Loss with respect to Covered Taxes for the Fiscal Year by all of the following where applicable:
The net amount of its additions and reductions to Covered Taxes for the Fiscal Year as determined under Paragraphs A and B of Article 31 of these Regulations.
The Total Deferred Tax Adjustment Amount as determined under Article 33 of these Regulations.
Any increase or decrease in Covered Taxes recorded in equity or Other Comprehensive Income relating to amounts included in the computation of Constituent Entity Income or Loss that will be subject to tax under local tax rules.