On 25 June 2026, the OECD issued a revised version of the common understanding on Pillar 2 GloBE Information Return (GIR) filing that was first announced on 18 May 2026, Global Minimum Tax: Support for Central GloBE Information Return Filing and Exchange (2024 Reporting Fiscal Year). The common understanding essentially provides that implementing jurisdictions will waive penalties and not enforce local GloBE Information Return (GIR) filing obligations as long as GIR returns are filed by the…