Having released the Pillar Two rules in December 2021, guidance to supplement the rules in March 2022 and a safe harbours document in December 2022, the OECD/G20 Inclusive Framework on BEPS released updated guidance in February and July 2023 and further technical guidance in December 2023. The purpose of the latest guidance is to clarify the application of Pillar Two, and it is intended to supplement the rules and pre-existing guidance issued by the OECD.
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