(1) Section 817U of the Principal Act is amended -

(a) in subsection (1) -

(i) by the deletion of the definition of "foreign company charge", and

(ii) by the substitution of the following definition for the definition of "supplemental tax":

"'supplemental tax' means -

(a) a qualified IIR,

(b) a qualified UTPR,

(c) a qualified domestic top-up tax, or

(d) any other tax which is similar to any of the taxes referred to in paragraphs (a) to (c);",

and

(b) in subsection (6), by the deletion of ", that is resident or situated in a different territory,".

(2) Subsection (1) shall have effect as respects a relevant payment, or a relevant distribution, both within the meaning of section 817U of the Principal Act, made on or after 1 January 2025.