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Contents Foreword 6 Introduction 6 1 Scope 7 2 References 7 3 Definitions and abbreviations 8 3.1 Definitions 8 3.2 Abbreviations 10 4 System Overview 11 4.1 System Context 11 4.2 Compliance rules
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How to fill out global anti-base erosion model

01
To fill out the global anti-base erosion model, follow these steps:
02
Collect all necessary financial information related to your company's international operations and transactions.
03
Identify the jurisdictions where your company operates and determine the tax risks associated with each jurisdiction.
04
Analyze the potential for base erosion and profit shifting activities within your company, such as transfer pricing, intercompany transactions, and tax planning strategies.
05
Fill in the required information in the model, which includes details about your company's revenue, expenses, assets, and taxes paid or accrued in each jurisdiction.
06
Calculate the indicators and ratios provided in the model to assess the potential risks of base erosion and profit shifting.
07
Review the results and identify any areas of concern or potential non-compliance with international tax standards.
08
Take necessary actions to mitigate the identified risks and ensure compliance with global anti-base erosion regulations.
09
Keep the filled-out model and supporting documentation for future reference and possible audits by tax authorities.
10
Note: It is advisable to seek professional assistance from tax advisors or experts familiar with global anti-base erosion rules and regulations to ensure accurate and compliant reporting.

Who needs global anti-base erosion model?

01
Companies engaged in international operations and cross-border transactions need the global anti-base erosion model. This includes multinational corporations, businesses with subsidiaries or branches in multiple jurisdictions, and companies involved in transfer pricing or intercompany transactions.
02
Tax authorities and regulatory bodies also utilize the model to assess the potential risks of base erosion and profit shifting, monitor compliance, and enforce anti-base erosion regulations.
03
Furthermore, tax advisors, consultants, and professionals in the field of international taxation may find the model useful for evaluating and addressing base erosion concerns for their clients.

What is Global Anti-Base Erosion Model Rules (Pillar Two) Form?

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The Global Anti-Base Erosion (GloBE) Model is a framework developed by the OECD to establish international rules aimed at preventing tax base erosion and profit shifting by multinational corporations.
Multinational enterprises (MNEs) with global revenues exceeding a specified threshold, typically around €750 million, are required to file the GloBE model.
Filing the GloBE model involves preparing and submitting specific forms that detail the financial and tax information of the multinational enterprise, in accordance with the guidelines established by the OECD.
The purpose of the GloBE Model is to ensure that profits are taxed where economic activity occurs and value is created, thus combating tax avoidance strategies used by multinational corporations.
The GloBE model requires reporting of revenue, profit before tax, effective tax rates, and information on the jurisdictions where the MNE operates, among other financial data.
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