MNCs need to review their existing tax treaties to ensure they comply with the new global minimum tax rules. Some treaties may need to be renegotiated to include provisions related to the minimum tax rate.

Global minimum tax rules may impact transfer pricing arrangements within MNCs. Companies will need to review their transfer pricing policies to ensure they are in compliance with the new rules.

MNCs are required to report their global income and taxes paid on a country-by-country basis. This reporting helps tax authorities assess whether MNCs are meeting the minimum tax requirements.

MNCs will need to review their tax planning strategies to ensure they comply with global minimum tax rules. This may involve restructuring their operations to minimize tax liabilities.

MNCs will need to ensure they have robust systems in place to accurately calculate their global income and tax liabilities. Failure to comply with the rules could result in significant penalties.

Despite the challenges, global minimum tax policies could help developing countries increase their tax revenue. By ensuring that MNCs pay a minimum level of tax, these policies could provide a stable source of funding for public services and infrastructure development.

Consult with tax advisors and legal experts who specialize in international taxation to ensure compliance with the rules.

Review your existing corporate structures and transfer pricing arrangements to ensure they comply with global minimum tax rules.

Implement robust systems and processes to accurately calculate and report your global income and tax liabilities.

Maintain open and transparent communication with tax authorities to address any queries or concerns they may have regarding your tax affairs.