The OECD has released its fourth tranche of Administrative Guidance on Pillar Two, as well as additional guidance on Amount B of Pillar One. The OECD has also released a statement saying it is on track to release the Amount A Multilateral Convention for signature by the end of June 2024, although it is still uncertain whether a critical mass of signatories will be achieved to make the rules effective. This month sees the United Nations progress work on its proposal for a Framework Convention on international tax cooperation. Australia has introduced its public country-by-country reporting legislation in Parliament. Finally, the Isle of Man, Guernsey and Jersey have released further details of how they intend to implement Pillar Two.
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The OECD has released its fourth tranche of Administrative Guidance on Pillar Two, as well as additional guidance on Amount B of Pillar One. The OECD has also released a statement saying it is on track to release the Amount A Multilateral Convention for signature by the end of June 2024, although it is still uncertain whether a critical mass of signatories will be achieved to make the rules effective. This month sees the United Nations progress work on its proposal for a Framework Convention on international tax cooperation. Australia has introduced its public country-by-country reporting legislation in Parliament. Finally, the Isle of Man, Guernsey and Jersey have released further details of how they intend to implement Pillar Two.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
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