G20: OECD/G20 Two-Pillar-Approach regarding the Taxation of the Digital Economy
Progress
Scope
Timeline of events
Published OECD Multilateral Convention to Implement Amount A of Pillar One (MLC)
On 11 October 2023, the OECD/G20 Inclusive Framework adopted the Multilateral Convention to Implement Amount A of Pillar One (MLC). The MLC reflects the existing consensus of the members of the Inclusive Framework, which is aimed at addressing tax c…
Adopted OECD Multilateral Convention to Facilitate the Implementation of the Pillar Two Subject to Tax Rule (STTR Multilateral Instrument)
On 3 October 2023, the OECD adopted the "Multilateral Convention to Facilitate the Implementation of the Pillar Two Subject to Tax Rule" (STTR Multilateral Instrument). The Convention will allow to implement the Pillar Two Subject to Tax Rule in exi…
Issued Outcome Statement on the implementation of the OECD Two‐Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy
On 11 July 2023, 138 members of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) issued an "Outcome Statement" on the Two‐Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy. The Ou…
Closed Consultation on OECD Pillar One – Amount A: Draft Multilateral Convention Provisions on Digital Services Taxes and other Relevant Similar Measures
On 20 January 2023, the public consultation closes on the OECD document titled “Pillar One – Amount A: Draft Multilateral Convention Provisions on Digital Services Taxes and other Relevant Similar Measures”. The consultation document includes two dr…
Opened Consultation on OECD Pillar One – Amount A: Draft Multilateral Convention Provisions on Digital Services Taxes and other Relevant Similar Measures
On 20 December 2022, the Organisation for Economic Co-operation and Development (OECD) opened a consultation on the document titled "Pillar One – Amount A: Draft Multilateral Convention Provisions on Digital Services Taxes and other Relevant Similar…
Closed consultation on Commentary for Pillar Two Global Anti-Base Erosion Model Rules
The OECD closed a consultation on the Commentary to support the implementation of the Global Anti-Base Erosion (GloBE) Model Rules contained in Pillar Two of the Framework for the Taxation of the digital economy. Particularly, the Commentary clarifi…
Opened consultation on Commentary for Pillar Two Global Anti-Base Erosion Model Rules
The OECD opened a consultation on the Commentary to support the implementation of the Global Anti-Base Erosion (GloBE) Model Rules contained in Pillar Two of the Framework for the Taxation of the digital economy. Particularly, the Commentary clarifi…
Public consultation closes on the OECD draft document on model rules for nexus and revenue sourcing under Pillar One
On 18 February 2022, the public consultation on the draft document on model rules for nexus and revenue under Pillar One closes. The consultation was opened by the Secretariat of the Organisation for Economic Cooperation and Development (OECD) on 4 …
OECD published draft document on model rules for nexus and revenue sourcing under Pillar One for public consultation
On 4 February 2022, the Secretariat of the Organisation for Economic Cooperation and Development (OECD) published a draft document on model rules for nexus and revenue under Pillar One for public consultation. The stakeholders are invited to submit …
Published model rules for Pillar Two domestic implementation of 15% global minimum tax
On 20 December 2021, the Organisation for Economic Co-operation and Development (OECD) published the model rules to support the domestic implementation of Pillar Two of the Framework for the Taxation of the digital economy. Particularly, Pillar Two …
G20 Statement on Two-Pillar-Approach including a Reallocation of Taxation Rights and Global Anti-Base Erosion Rules
The 136 member jurisdictions of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting issued a statement updating the July political agreement which aims to address the tax challenges arising from the digitalisation of the economy. Th…
G20 Agreement on Two-Pillar-Approach including a Reallocation of Taxation Rights and Global Anti-Base Erosion Rules
The G20 finance ministers and central bank governors issued a communique stating their agreement on the inclusive framework on Base Erosion and Profit Shifting (BEPS). The two-pillar solution seeks to implement effective taxation of the digital econ…
Adoption of Two-Pillar-Approach including a Reallocation of Taxation Rights and Global Anti-Base Erosion Rules
On July 1, 2021, the OECD and G20 published a statement regarding their two-pillar solution as part of the inclusive framework on Base Erosion and Profit Shifting (BEPS). The two-pillar solution seeks to implement effective taxation of the digital e…