OECD Releases Updated Administrative Guidance and Jurisdiction Lists for Pillar Two Implementation
Dr Daniel N Erasmus (PhD USTCP Int'l Tax Attorney)
International Tax Litigation Attorney | Transfer Pricing Specialist | Tax Academic
READ THE FULL ARTICLE HERE: https://www.taxriskmanagement.com/global-minimum-tax-guidance-pillar-two/
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The OECD continues to lead global tax reform efforts with the release of new administrative guidance, updated jurisdiction lists, and tools for implementing the Pillar Two Global Minimum Tax framework. These updates aim to streamline compliance, enhance transparency, and ensure a consistent approach to addressing BEPS.
Key Highlights of the OECD Updates
The OECD’s latest publication categorises jurisdictions based on their implementation of qualified GloBE rules. This list plays a critical role in determining compliance with Pillar Two standards and facilitates consistent application of the rules across jurisdictions. Access the list and related details here.
The administrative guidance documents cover several critical areas...
THE REST OF THE ARTICLE INCLUDES
Implications for Multinationals
Implications for Revenue Authorities
Practical Insights and Recommendations
Qualifying jurisdictions as at January 15, 2025 are: