OECD issues additional tax guidance on pillar one & two

In its latest guidance, the OECD advises that it has completed the design of  “Amount B” under Pillar One. In addition, the OECD has released guidance that clarifies and simplifies the application of the global minimum tax, as well as an overview of the streamlined process for recognising qualified status for the legislation of jurisdictions implementing Pillar Two’s “global anti-base erosion” (GloBE) rules.

Download this edition of the TaxNewsFlash to learn more.