OECD Issues Information Return for Global Minimum Tax Filing (1)

The OECD issued a final version Monday of the information return that multinational companies will use to file their taxes under the new global minimum tax.

The new information return will be used under Pillar Two of the 2021 global tax agreement, which will impose a 15% minimum tax on companies no matter where in the world they book their profits.

The return seeks to “strike a balance” between providing tax administrations with the data they need to ensure compliance while limiting the cost of compliance for companies, the OECD said. Some companies had complained that the OECD’s requirements were ...