(1) Any GloBE tax payable under this Part by an entity shall carry interest from the date when the GloBE tax becomes due and payable until payment and the amount of that interest shall be determined in accordance with subsection (2).
(2) The interest referred to in subsection (1) shall be determined by the following formula -
T x D x R
where -
T is the GloBE tax which remains unpaid,
D is the number of days (including part of a day) in the period during which the tax remains unpaid, and
R is the rate, represented by P in the formula T x D x P in section 1080(2)(c)(i), that would apply under that formula if the GloBE tax due under this Part was tax within the meaning of that section, and the period during which the tax remains unpaid was the period of delay, within the meaning of that section.
(3) Subsections (3) to (5) of section 1080 shall apply to interest payable on GloBE tax under subsection (1) as those subsections apply to interest payable on a tax under that section.