In late September 2024 the OECD announced that the OECD/G20 Inclusive Framework on BEPS had released a model competent authority agreement (MCAA) concerning Amount B of Pillar One. Amount B introduces a new method for pricing baseline marketing and distribution activities, aiming to streamline and simplify the application of the arm’s-length principle. The MCAA pertains to the implementation of this approach. According to the OECD announcement, “further work on the Pillar One package, including the Amount B framework, is ongoing as indicated in the Statement by the Co-Chairs of the Inclusive Framework on 30 May 2024”.
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