This new OECD publication provides new administrative guidance to support the practical application of the GloBE rules.
- Recapture Rule: guidance on the application of the recapture rule for deferred tax liabilities.
- Deferred Tax Assets and Liabilities: clarification on determining deferred tax assets and liabilities for GloBE calculation purposes, addressing divergences between GloBE and accounting carrying values.
- Cross-Border Allocation: guidance on the allocation of current and deferred taxes across borders.
- Flow-through Entities: allocation of profits and taxes in structures involving Flow-through Entities.
- Securitisation Vehicles: treatment of securitisation vehicles.
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Click here to see the publication.