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OECD Minimum Tax Agenda Includes Guidance, Creating Peer Review

May 24, 2022, 6:23 PM

The OECD will be issuing guidance on the globally agreed 15% minimum tax on a piece-by-piece basis, officials of the organization said Tuesday.

The Organization for Economic Cooperation and Development is leading work among 137 countries to complete an implementation framework and address remaining issues related to the minimum tax—Pillar Two of the two-pronged agreement. Remaining work includes administrative guidance, developing a peer-review process, creating a standardized return, designing simplification measures, and capacity-building within tax administrations, OECD officials said.

“We will try to come out whenever we have guidance that’s agreed, as quickly as we can,” said Achim Pross, head ...