In terms of section 23(1) of the Global Minimum Tax Act, 2024 (Act No. 46 of 2024), the Minister of Finance, has specified that the documents released by the OECD/G20 Inclusive Framework relating to Administrative Guidance to the GloBE Model Rules and the Commentary to the GLoBE Model Rules, as set out in the Schedule hereto, will apply for purposes of the Act.
