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Global Minimum Tax Agreement
January 10 , 2026
16 hrs 0 min
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- The Organisation for Economic Co-operation and Development (OECD) and G20 countries agreed on a global minimum tax package.
- The tax targets the Base Erosion and Profit Shifting (BEPS) by the multinational enterprises.
- Pillar One reallocates taxing rights to countries where profits are earned.
- Pillar Two sets a global minimum corporate tax of 15% to prevent tax competition.
- The package includes simplification measures, safe harbours, and substance-based tax incentives.
- India is a member of the OECD/G20 Inclusive Framework on BEPS, launched in 2016 with 147 countries.
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