The OECD/G20 Inclusive Framework on BEPS has released the Consolidated Commentary to the Pillar Two Global Anti-Base Erosion (GloBE) Model Rules which replaces the original Commentary from March 2022. This now incorporates the three Agreed Administrative Guidance documents from February, July and December 2023.
The consolidated commentary includes guidance on the design of Qualified Domestic Minimum Top-up Taxes (QDMTT), the introduction of permanent and transitional safe harbours and the GloBE rules for MNE groups and tax administrations. The Illustrative Examples document from March 2022 has also been updated.
The OECD/G20 Inclusive Framework on BEPS has released the Consolidated Commentary to the Pillar Two Global Anti-Base Erosion (GloBE) Model Rules which replaces the original Commentary from March 2022. This now incorporates the three Agreed Administrative Guidance documents from February, July and December 2023.
The consolidated commentary includes guidance on the design of Qualified Domestic Minimum Top-up Taxes (QDMTT), the introduction of permanent and transitional safe harbours and the GloBE rules for MNE groups and tax administrations. The Illustrative Examples document from March 2022 has also been updated.
