Certain large multinationals may want to review KPMG's analysis on the model global minimum tax rules released by the Organization for Economic Cooperation and Development (OECD), that now addresses new commentary released on March 14, 2022. The OECD's commentary provides detailed and comprehensive technical guidance and examples on the proposed Pillar Two rules to address the tax challenges from digitalization and globalization of the economy.

Large multinational companies should consider whether they may be affected by the OECD's model global minimum tax rules. In particular, given that the rules are intended to be effective starting as early as 2023, multinationals should monitor developments related to these rules, including the relevant timelines and requirements of the various legislative and parliamentary processes to implement these rules in different jurisdictions. 

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