eligible distribution tax system
as defined in Council Directive (EU) 2022/2523 of 14 December 2022 on ensuring a global…, Article 3, point (42) (Definitions)
a corporate income tax system that: (a) imposes income tax on profits only when those profits are distributed or deemed to be distributed to shareholders, or when the company incurs certain non-business expenses; (b) imposes tax at a rate equal to, or in excess of, the minimum tax rate; and (c) was in force on or before 1 July 2021