On 25 June 2026, the OECD issued a revised version of its common understanding on central GloBE Information Return (GIR) filing, first published on 18 May 2026 to ease the first round of filings under the Global Minimum Tax.
The update reflects that the Bahamas and Greece have now joined the arrangement, alongside a qualified entry by the Slovak Republic.
Under the common understanding, participating jurisdictions waive penalties and refrain from enforcing local GIR filing where a group files centrally in a listed jurisdiction by the deadline and lodges the required notification. The Slovak Republic has joined for all jurisdictions in the annex, except those without an activated exchange relationship with it.