CHAPTER 2 - TAXABLE AND EXCLUDED ENTITIES
Article 4 - Taxable Entities
The following Entities are subject to Tax (Top-Up Tax):
Any CE located in the State, that is a member of an MNE Group meeting the Revenue Threshold, including CEs that are members of a minority-owned sub-group. An Investment Entity located in the State that is part of an MNE Group meeting the Revenue Threshold shall not be considered an Excluded Entity.
Any JV or JV Subsidiary located in the State and member of an MNE group, in either of the following cases:
Any Stateless Entity that conducts activities in the State and is a member of an MNE Group that meets the Revenue Threshold.
Entities that are considered Excluded Entities under Article 5 of these ERs are not subject to the Tax.