ECONOMY - FINANCE - BUSINESS / Taxation

OECD converts international agreement on global minimum tax into national rules

Brussels, 20/12/2021 (Agence Europe)

On Monday 20 December, the OECD published model rules for the national implementation of Pillar II (minimum taxation) of the international reform on the taxation of multinational enterprises (see EUROPE B12808A2).

Under the terms of the agreement, which has been agreed by 137 countries to date, multinationals with a consolidated annual turnover in excess of €750 million will be taxed at a minimum rate of 15%.

After defining the MNEs that fall within the scope of the international...