CHAPTER 2 - TAXABLE AND EXCLUDED ENTITIES
Article 8 - Imposition and Accrual of Tax (Top-up Tax)
The Tax shall be levied on the Taxable Entities defined in Article 4 of these ERs, on the taxable income for each Tax Period.
For the purpose of imposing the Tax, the total Taxable Income is taken into account regardless of the percentage of the Ownership Interests in the Taxable Entity held, directly or indirectly, by the UPE of the MNE Group.