V · 10-K · 2026A · Full report

OECD Global Minimum Tax

VISA INC. · 2026-11-05 · Importance 29 · Surprise 24

The OECD issued administrative guidance on implementing a 15% global minimum tax, which various jurisdictions have enacted or are considering. In fiscal 2026, Visa recorded a provision for global minimum taxes, primarily related to Singapore, while foreign tax credit benefits largely offset the effective-tax-rate impact. The OECD introduced a side-by-side safe harbor in fiscal 2026 that may provide qualifying U.S.-parented groups relief from certain rules if elected and implemented locally; it does not eliminate local minimum taxes on foreign subsidiaries.

Key facts

• In fiscal 2026, the OECD introduced a side-by-side safe harbor that may provide qualifying U.S.-parented groups relief from certain global minimum tax provisions if elected and implemented locally; it does not eliminate local minimum taxes on foreign subsidiaries. source
• In fiscal 2026, Visa recorded a global minimum tax provision, primarily related to Singapore; its effective tax rate impact was largely offset by foreign tax credit benefits across jurisdictions. source
• Visa continues to monitor global minimum tax developments and assess potential tax impacts on future years. source