OECD: Toolkit for implementing global minimum tax
Guidelines for implementing the global minimum tax efficiently and with reduced administrative burdens
The Organisation for Economic Cooperation and Development (OECD) today released The Global Minimum Tax Implementation Toolkit, which provides guidelines on best practices to tax administrations and tax policy officials on establishing efficient processes for implementing the global minimum tax while reducing administrative and compliance burdens.
The toolkit is organized into five key modules covering:
- Assessment of in-scope multinational entity (MNE) groups and revenue
- Legal implementation
- Organizing and planning for the implementation of the global minimum tax
- Framework on compliance procedure
- Exchange of information