For Bloomberg Tax from Los Angeles—The OECD expects to release a package of guidance for countries implementing the global minimum tax by year-end, an official said Wednesday.

Last year’s global tax deal saw nearly 140 countries agree on a two-part plan, including rules for a 15% global minimum corporate tax rate, known as Pillar Two. 

By the end of 2022, the Organization for Economic Cooperation and Development, which led the talks, will release “a significant amount of material” relating to the implementation of Pillar Two, said Clodagh Power, counselor to director’s office at the OECD’s Centre for Tax Policy and Administration.

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