The OECD has updated its guidance on the Global Anti-Base Erosion Model Rules (Pillar Two) with the addition of new Guidance on the use of the GIR XML Schema for the first GloBE filing and exchange cycle.
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New technical guidance to support XML filings of GloBE information
The Global Anti-Base Erosion (GloBE) Model Rules are designed to ensure that large multinational groups pay a minimum level of tax in each jurisdiction where they operate.
As part of this framework, the GloBE Infor…