PFE · 10-Q · 2026Q3 · Full report

OECD Global Minimum Tax

PFIZER INC · 2026-11-03 · Importance 26 · Surprise 24

Countries outside the U.S. have enacted global minimum tax legislation under the OECD’s Base Erosion and Profit Shifting Pillar Two project, with provisions generally effective for Pfizer since 2024. The company says significant details and guidance remain pending and that income tax expense could be materially affected as the legislation becomes effective in countries where it operates. Pfizer continues to monitor OECD guidance and implementation by individual countries.

Key facts

• OECD Pillar 2 global minimum tax provisions have generally been effective for Pfizer since 2024, and their impact on income tax expense could be material as countries implement the legislation. source