PEP · 10-Q · 2026Q3 · Full report

OECD Global Minimum Tax

PEPSICO INC · 2026-10-08 · Importance 40 · Surprise 42

In 2026, OECD model rules establishing a 15% global minimum tax took effect in various countries where PepsiCo operates, including European Union member states. The company says the implementation increased its income tax provision. PepsiCo will monitor further legislative changes that could increase or otherwise affect its tax provision.

Key facts

• In 2026, implementation of the OECD model global minimum tax rules at a 15% rate in various countries where PepsiCo operates, including EU member states, increased PepsiCo's income tax provision; additional legislative changes could further affect it. source