The OECD is seeking further feedback on the technical design of "Amount A", which is included in a new report. The OECD released its "Progress Report on Amount A of Pillar One" as part of its proposal to ensure certain MNEs pay tax in countries where they have consumer-facing activities but do not have a physical presence. The OECD is specifically requesting feedback on where additional guidance is needed to apply the rules to the circumstances of a particular type of business, as well as whether anything is missing or incomplete in the rules. Stakeholders are asked to provide comments on the report by August 19, 2022.
The OECD states in this report that, based on its revised timeline, it expects to complete work on its plan to implement Pillar One before the first half of 2023 so that these rules may be able to come into effect in 2024.
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