SARS Improves Pillar 2 Global Minimum Tax Administration to Help Affected MNE Groups Meet Obligations Under the GloBE Rules

The South African Revenue Service (SARS) has announced improvements to its Pillar 2 Global Minimum Tax administration to help affected MNE Groups meet their obligations under the GloBE Rules. This includes improved administration capabilities to enable international information sharing, local administration of foreign submissions via the new GMT03 declaration, and comprehensive management of payments, assessments, and compliance for multinational enterprises.

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Global Minimum Tax: New A…