Ministry of Finance Confirms Italy has Joined Common Understanding on Pillar 2 GloBE Information Return Filing

The Italian Ministry of Finance issued a release on 19 May 2026, confirming that Italy has joined the common understanding on Pillar 2 GloBE Information Return (GIR) filing. As previously reported, the common understanding was announced by the OECD on 18 May 2026, providing penalty relief or deferrals in relation to local jurisdiction GIR filings if a group has centrally filed its GIR in any one of 33 listed jurisdictions by the relevant filing deadline, including Italy. GIR notifications …