The article discusses the OECD’s 18 May 2026 publication of a common understanding among implementing jurisdictions regarding the central filing and exchange of the GloBE Information Return (GIR) under Pillar 2 of the global minimum tax framework. Thirty‑three of the 37 jurisdictions that have reporting obligations from the 2024 fiscal year have indicated that they will accept a centrally filed GIR, provided that the return is exchanged by 31 December 2026 at the latest. To enable this exchange, each jurisdiction must sign and activate the Multilateral Competent Authority Agreement (MCAA) on the exchange of GIR information. While some jurisdictions may not be able to activate the MCAA before 30 June 2026, they plan to do so before the exchange deadline. Belgium, together with other jurisdictions, has adopted a flexible approach: it will not impose fines or enforce local filing requirements if the GIR is filed centrally in another jurisdiction and the central filing is communicated in time. However, if the central filing does not reach the relevant jurisdiction by the exchange deadline, that jurisdiction reserves the right to enforce local filing, and Belgium will communicate any such requirement in advance, setting a submission deadline without imposing penalties if the filing occurs before that deadline. The article also lists the jurisdictions expected to be ready for centralised filing in the 2024 fiscal year and notes that EU member states that have not transposed DAC9 will be treated similarly. This framework provides a clear pathway for multinational groups to meet their Pillar 2 reporting obligations while allowing flexibility for jurisdictions yet to fully implement the exchange mechanism.