The OECD on 25 April 2024 published Consolidated Commentary (Commentary) to the Pillar Two Global Anti-Base Erosion (GloBE) Model Rules that incorporates all agreed Administrative Guidance that has been released by the Inclusive Framework (IF) from March 2022 through December 2023. The Commentary aims to provide tax administrations and taxpayers with guidance on the interpretation and application of the GloBE Model Rules, which are designed to ensure that large businesses pay a minimum level of tax on the income arising in each jurisdiction where they operate. The OECD also released updated Illustrative Examples (Examples), originally published in March 2022, including the examples that were developed as part of the various pieces of Administrative Guidance approved by the IF before the end of December 2023.