In October 2021, a two-pillar solution to address the tax challenges arising from digitalisation and globalisation of the economy was endorsed by 137 members of the OECD Inclusive Framework. Work on the implementation of the two-pillar plan is now well underway. As part of this next phase, the Inclusive Framework is consulting stakeholders on a number of aspects of Pillar 1 over the coming months.
As part of these efforts, the OECD launched on 4 February a new public consultation on Pillar 1 of the new system, which adapts the international rules on how the taxation of corporate profits of the largest and most profitable multinationals is shared amongst countries, to reflect the changing nature of business models and the ability of companies to do business without a physical presence. In particular, the public consultation seeks views on the new Draft Rules for Nexus and Revenue Sourcing and interested parties are invited to send their written comments to the OECD no later than 18 February 2022.
The Commission will make a proposal on the reallocation of taxing rights in 2022, once the technical aspects of the multilateral convention are agreed.
- 7 Februar 2022
- Generaldirektoratet for Beskatning og Toldunion