Chapter 3 - Tax Imposition and Entitlement
Article 7 - Effective Tax Rate Calculation
The effective tax rate for the taxpayer is calculated based on the total adjusted covered taxes for the taxable entities within a group, divided by the total net income or loss of the group.
For the purposes of applying this Article, the adjusted covered taxes and net income or loss of investment entities, minority-owned participating entities, and stateless entities should be excluded. The executive regulations specify the controls and conditions related to how the effective tax rate should be calculated.