OECD Releases Pillar Two Model Rules on International Taxation

On 20th December, 2021, the Organisation for Economic Co-operation and Development (OECD) published detailed rules to assist in the implementation of new international tax system (global minimum corporate tax), which will ensure multinational enterprises (MNEs) will be subject to a minimum 15 per cent tax rate from 2023.

About Global Minimum Tax

  • A global minimum tax establishes a system under which a company from a specific country will pay at least a certain percentage of its profits in taxes, regardless of where in the world those profits are being earned.
  • This is a move designed to tackle a worldwide phenomenon known ....
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