Jurisdictions implementing the Global Minimum Tax from 2024 have agreed a common understanding to preserve the administrative and compliance benefits of the central filing mechanism for the GloBE Information Return (GIR) as follows:
- Publication of a list of jurisdictions expected to have a fully operational GIR filing portal in place by 31 May 2026, and
- Use domestic legislation to waive penalties or not enforce local GIR filing obligations where the GIR has been centrally filed by the relevant deadline in any of the jurisdictions in the published list.
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