OECD Publishes Common Understanding on GIR Filing Relief, Clarifies UTPR Safe Harbour
The OECD has released a common understanding agreed by jurisdictions that implemented the global minimum tax (GMT) with effect from 2024, aimed at mitigating delays in the availability of fully operational filing portals or in the establishment of exchange relationships for the GloBE Information Return (GIR) ahead of forthcoming filing deadlines. Under this understanding, jurisdictions…