The OECD on Wednesday released an updated version of its global minimum tax return instructions following a consultation on the new information reporting system.
The technical instructions provide guidance on how companies fill out their GloBE Information Return, or GIR. The GIR is a standardized form companies return with their data to comply with the Organization for Economic Cooperation and Development’s 15% global minimum tax rules.
The OECD asked for public feedback on the GIR and its draft instructions in July. The consultation ended in August.
The new report takes into account stakeholder feedback by incorporating simplifications and ...
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