The OECD/G20 IF on BEPS agreed to a two-pillar solution to address the tax challenges arising from the digitization of the economy. The origin of the two-pillar approach lies in the groundbreaking project of the OECD on BEPS which was launched in 2013. At the re...
Thus, the OECD Statement confirms that Pillar One will replace the countries’ unilateral measures on implementing the DST. However, the Statement is silent on the timing for when the removal of all DSTs should occur. Pillar Two – global minimum taxation Pillar Two sets a ...
Hong Kong SAR, Singapore, Thailand and Malaysia In several public announcements over February and March, these jurisdictions firmed up on their Pillar 2 rollout plans. In its February budget announcement, Singapore, which had earlier been expected to start applying the rules from 2024, indicated tha...
These efforts may eventually constitute a key pillar of Chinese outbound investment policy. Tax assistance is being channelled in particular at Belt and Road countries such that China is helping to enhance and potentially influence the tax administration of countries in which Chinese businesses will ...
Pillar 1 Amount A & Digital Services Taxes On 11 October 2023, the OECD released a substantial body of work that reflects two years of negotiation. This...