Global Daily Tax News, French Cabinet Approves GIR MCAA Implementation, (Jun 1, 2026)

France's cabinet, the Council of Ministers, has signed off on legislation to ratify the Multilateral Competent Authority Agreement on the exchange of GloBE information (GIR MCAA).

The GIR MCAA is based on the Convention on Mutual Administrative Assistance in Tax Matters and is intended to facilitate the bilateral exchange of information included in GloBE Information Returns, including potentially on a non-reciprocal basis, with other signatories to the pact.

GloBE Information Returns are required under the international Pillar Two framework, to support the imposition internationally of the 15-percent global minimum tax (GMT) rate on large multinational and domestic groups on a jurisdiction-by-jurisdiction basis.

Under Pillar Two, Multinational Enterprise Groups in scope of the GMT are relieved from locally filing a GIR in each jurisdiction where they operate, where such GIR is centrally filed in the jurisdiction of the Ultimate Parent Entity or a Designated Filing Entity, appropriate notifications have been filed, and the central filing jurisdiction shares the relevant GIR information with the local jurisdictions under the agreed Exchange of Information framework.

The MCAA enables jurisdictions to avoid having to enter into Qualifying Competent Authority Agreements with jurisdictions on a jurisdiction-by-jurisdiction basis.