The Organization for Economic Cooperation and Development offered remedies to a series of technical issues facing companies attempting to file their first global minimum corporate tax returns.
The body identified 14 practical issues related to the use of the GloBE Information Return XML schema and validation rules for the GIR, the machine-readable technical format for the minimum tax return, in guidance published Monday.
Multinationals with revenue of more than €750 million ($863 million) have until June 30 to file their first GIRs in countries implementing the 15% global minimum tax and in which they have a presence.
Businesses have complained ...