Czech Republic Confirms Adoption of Common Understanding to Waive Penalties and Not Enforce Local GloBE Information Return Filing Obligations

The Czech Financial Administration has issued a release concerning the Pillar 2 global minimum tax forms recently approved by Decree No. 68/2026, which was published in the Official Gazette on 20 May 2026. One of the key points of the release is the confirmation that the Czech Republic has adopted the common understanding released by the OECD on 18 May 2026 to waive penalties and not enforce local GloBE Information Return (GIR) filing obligations. As such, Czech constituent entities will g…