OECD Publishes Status Message Template for Global Tax Return

The OECD on Wednesday released a template countries can use to communicate the status of a company’s global minimum tax return with other jurisdictions and the taxpayer itself.

The status template for the GLoBE Information Return allows tax administrations to report filing or record errors, including when there are fundamental issues with the quality of data sent between jurisdictions. The information return is a data intake form companies need to fill out to comply with the 15% global minimum tax.

• Countries also exchange this information as part of the minimum tax’s compliance process.
• The tax framework, also known as Pillar ...