S.L. 123.212 Art. 6Elections.  

(1) Where applicable, the elections referred to in regulation 2(5) and Articles 16(3), (6), and (9), 42 and 43 of the

European Union Global Minimum Tax Directive shall be valid for a period of five (5) years, starting from the year in which the election is made. The election shall be renewed automatically unless the filing constituent entity revokes the election at the end of the five (5) year period. A revocation of the election shall be valid for a period of five

(5) years, starting from the end of the year in which the revocation is made.

(2) Where applicable, the elections referred to in Articles 16(7), 22(1)(b), 25(1), 28(2), 30(1) and 40(1) of the European Union Global Minimum Tax Directive shall be valid for a period of one (1) year. The election shall be renewed automatically unless the filing constituent entity revokes the election at the end of the year.

(3) The elections referred to in regulation 2(5) and Articles 16(3), (6), (7), (9), 22(1)(b), 25(1), 28(2), 30(1), 40(1), 42 and 43 of the European Union Global Minimum Tax Directive shall be made to the tax administration of the Member State in which the filing constituent entity is located:

Provided that such election shall be made to the Commissioner on such form and in such manner as the Commissioner shall determine.