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- Release of Qualified Domestic Rules: The Inclusive Framework on BEPS has launched a compilation of qualified domestic rules and tools to facilitate the coordinated administration of the global minimum tax, including a Central Record of Legislation that identifies jurisdictions with transitional qualified status for their minimum tax legislation.
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- Administrative Guidance and GloBE Information Return: Updated guidance on Article 9.1 of the GloBE Model Rules clarifies the exclusion of certain deferred tax assets when calculating an MNE Group’s effective tax rate. Additionally, an updated standardized GloBE Information Return (GIR) has been released, along with an XML schema and Multilateral Competent Authority Agreement (MCAA) to streamline the filing and exchange of tax information.
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- Implementation and Compliance Support: The GIR will be used by implementing jurisdictions to assess the tax liabilities of multinational enterprises (MNEs) under the minimum tax rules, with enhancements made to simplify the filing process based on stakeholder feedback, while further work will focus on ensuring data consistency and quality in reporting.
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