Introduction to completing the GloBE Information Return

Purpose of the GloBE Information Return

The purpose of the GloBE Information Return is to provide the tax authorities with informationregarding global minimum tax, as well as to determine the basis and calculation of top-up tax, enabling the authorities to assess tax liability under national rules.

Different obligations may apply across countries

Different countries may have introduced different reporting and disclosure obligations, and entities that are subject to rules on global minimum taxor equivalent legislation abroad must ensure that they remain informed about applicable requirements for registration, reporting, and any additional information required in the countries where the group operates.

See the OECD’s overview of reporting obligations by country.

Language

The GloBE Information Return must be prepared and submitted in English. This also applies to domestic groups without activities abroad. 

Submission must be made in XML format

You submit the GloBE Information Return via our website. In our online portal, it is only possible to upload files in XML format. You cannot submit the GloBE Information Return in any other format or on paper.

The XML file must comply with the requirements specified in the OECD guidance. 

The format requirements also apply to domestic groups without activities abroad.

International standard for completing the GloBE Information Return

The XML format used when submitting the GloBE Information Return follows the international requirements outlined by the OECD. This means that the XML file contains references to the OECD Model Rules, and completion must therefore be based on this framework. This has no material impact, as the Norwegian rules are considered to be aligned with the Model Rules.

Completion based on national rules

Where the entity submitting the GloBE Information Return chooses to apply a qualified domestic top-up tax (QDMTT) Safe Harbour in a country, or where only onecountry has taxing rights, the Jurisdiction Section of the GloBE Information Return must be completed based on the national legislation of the country with taxing rights.

For further details on qualified domestic top-up tax (QDMTT), see our guidance on Jurisdiction Section.

The reporting entity must ensure that any additional requirements from other countries relating to the completion of the relevant Jurisdiction Sections are met.

Svalbard

Under the Norwegian Global Minimum Tax Act, Svalbard must be treated as a separate jurisdiction. For entities in Svalbard, a separate calculation must therefore be performed, distinct from entities in mainland Norway. Entities in Svalbard are not themselves required to submit the GloBE Information Return, but information about such entities must be included in the return where Norway has taxing rights. The rules on domestic top-up tax in the Norwegian Global Minimum Tax Act do not apply in Svalbard.