OECD unveils further details on Amount B simplified approach

The Organisation for Economic Cooperation and Development has published additional guidance on key definitions related to Amount B.

The guidance provides further details on the implementation of the approach, which were omitted from the Amount B report published by the OECD in February 2024. The most important development is that five emerging markets - Argentina, Brazil, Costa Rica, Mexico and South Africa - have indicated their intention to adopt Amount B. The OECD has noted that work on an Amount B framework remains ongoing as part of the broader work on the Pillar One package. Pending finalisation and implementatio...

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Authors: Alia Lum

Published Date: 21 June 2024