The South African Revenue Service (SARS) has announced new and updated guidance on submitting Global Minimum Tax (GMT) Returns and payment.
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Global Minimum Tax Updates
1 June 2026 – The Global Anti-Base Erosion (GloBE) Model Rule—Pillar Two establishes a structured framework for calculating effective tax rates (ETRs) and administering top-up taxes in jurisdictions where the ETR falls below the 15% minimum threshold.
A Multi-National Enterprise (MNE) must submit the Global Minimum Tax…