The first GloBE Information Return is a substantial undertaking, and the groups that start early are the ones that file with confidence. Preparation is as much a data and systems project as it is a tax compliance exercise.
Understand the scope of the return
The information return is detailed and jurisdiction-by-jurisdiction. It draws on financial data, tax data and entity information that frequently sit in different systems and are owned by different teams.
Get the data foundations right
- Map consolidated accounts to GloBE income and covered taxes.
- Assess eligibility for the transitional CbCR safe harbours.
- Establish a single source of truth for entity and ownership data.
Build the process before the deadline
A repeatable process, with clear ownership and a documented methodology, turns the first filing from a fire drill into a manageable annual exercise.
“The first information return rewards preparation: the work done on data now is the work you will not be doing under deadline pressure later.”
How TPTAX can help
We provide research, training and limited scope advisory support on GloBE information return preparation across Africa and the Middle East (GCC countries). Get in touch to discuss your group's position.