As part of the ongoing work of the OECD/G20 Inclusive Framework to implement the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, the OECD has opened a public consultation the Extractives Exclusion under Amount A of Pillar One.
The Extractives Exclusion will exclude the profits from Extractive Activities from the scope of Amount A. The exclusion applies if a Group derives revenue from the exploitation of Extractive Products and the Group has carried out the relevant Exploration, Development or Extraction. The stakeholder input received on the Extractives Exclusion will assist members of the Inclusive Framework on BEPS in further refining and finalising the relevant rules.
Interested parties are invited to send their written comments no later than 29 April 2022.
- 19 April 2022
- Generaldirektoratet for Beskatning og Toldunion