The OECD anticipates releasing a qualified domestic minimum top-up tax safe harbour by the summer of 2023, as part of its work to implement Pillar Two. Jeffrey Mitchell, speaking for the OECD, outlined the timeframe during the USA Branch of the International Fiscal Association’s 51st Annual Conference. The qualified domestic minimum top-up tax safe harbour is intended to reduce the compliance and administration burden on large MNEs relieving them of the need to carry out full GloBE calculations for low-risk jurisdictions .
The OECD anticipates releasing a qualified domestic minimum top-up tax safe harbour by the summer of 2023, as part of its work to implement Pillar Two. Jeffrey Mitchell, speaking for the OECD, outlined the timeframe during the USA Branch of the International Fiscal Association’s 51st Annual Conference. The qualified domestic minimum top-up tax safe harbour is intended to reduce the compliance and administration burden on large MNEs relieving them of the need to carry out full GloBE calculations for low-risk jurisdictions .
