
Welcome to Issue 9 of Tax Refresher!
In this edition of Tax Refresher, our bi-monthly newsletter designed specifically for large corporate and international businesses, aims to keep you updated on the latest developments and challenges in the global tax landscape.
In this issue, you’ll find key insights including:
- EU customs reform for low-value imports: A structural shift for e-commerce supply chains
- OECD publishes common understanding on GIR filing relief, clarifies UTPR Safe Harbour
- Exchequer performance Q1 2026: Solid revenues, tighter balance
- ECB set to raise interest rates. Have policymakers learnt from their mistakes?
- Eurozone inflation falls reflecting a dichotomy at the heart of the European economy
For any questions or further assistance, reach out to Brendan Murphy.
Stay informed, stay compliant, and stay ahead with Tax Refresher.
Could the global minimum tax leave some multinational groups better off in Ireland?
In his recent Newstalk interview, Brendan Murphy discusses how changes to the global minimum tax framework, evolving US policy positions, and Ireland's innovation incentives are shaping the tax landscape for large global organisations.
Highlights
Baker Tilly International Updates

Tax Authority Aligns with OECD's Common Understanding on GIR Filing Relief
The tax authority, His Majesty's Revenue and Customs (HMRC), has published guidance to align with the OECD's transitional approach where the deadline for filing Pillar Two Global Information Returns (...

Tax Authorities Clarify Pillar Two GIR Central Filing
The tax authorities have issued guidance on compliance obligations under the Global Minimum Tax framework, as implemented through Law 151(I)/2024, covering multinational and large domestic groups for ...

Changes to the Foreign Permanent Establishment Exemption – What UK Companies Need to Know
The UK Government has announced significant changes to how UK‑resident companies are taxed on overseas operations carried out through foreign permanent establishments (PEs). These reforms will fundame...