PEP · 10-Q · 2026Q2 · Full report

OECD Global Minimum Tax

PEPSICO INC · 2026-07-09 · Importance 73 · Surprise 92 · In source text

PepsiCo discloses that in 2026 widespread implementation of the OECD model rules for a global minimum tax rate of 15% came into effect in various countries, including EU member states, and that this resulted in an increase in its income tax provision. Management attributes part of the reported tax rate increases in the period to the current‑year impact of the OECD global minimum tax. The company states it will continue to monitor legislative changes which could further affect its income tax provision. This represents a multi‑jurisdictional tax rule change with ongoing monitoring and potential further impact on effective tax rates.

Key facts

• In 2026 widespread implementation of the OECD model rules for a global minimum tax rate of 15% came into effect in various countries in which we do business, including European Union member states, resulting in an increase in our income tax provision. source

Impact estimates