The OECD has published for stakeholders’ comments a draft version of the XML Schema and User Guide developed as part of the OECD’s work on formulating the Global Anti-Base Erosion (GloBE) model tax rules.
The GloBE model rules require the annual filing of a GloBE Information Return (GIR) that provides information on the tax calculations made by an MNE Group under the GloBE Rules.
In July last year, the Inclusive Framework on BEPS agreed a standardized GIR template to be relied upon by all implementing jurisdictions, as well as an approach for disseminating the contents of the GIR amongst such implementing jurisdictions.
The draft version of the GIR XML Schema and User Guide is designed to both facilitate domestic GIR filings, wherever appropriate, and to be the technical format for exchanging GIR information between tax administrations.
Comments must be received by August 19.