France Tax Agency Clarifies Centralized Filing, Exchange of Pillar 2 Global Anti-Base Erosion Information Returns

The French General Directorate of Public Finance May 28 clarified transitional centralized filing and exchange of the Global Anti-Base Erosion (GloBE) Information Return (GIR) under OECD Pillar Two. The clarification includes that: 1) the transitional approach is intended to apply to declarations with a filing deadline of no later than Dec. 31; 2) during the transitional period, the Tax Agency accepts centralized filing of the GIR by the ultimate parent entity (UPE) or a designated group entity, before the filing deadline in a listed jurisdiction that has joined the OECD common understanding; 3) if these conditions are met, a multinational ...