Poland publishes draft legislation implementing global minimum tax (Pillar Two), with option to apply retroactively from 1 January 2024.
Pillar Two hasn’t been adopted in Thailand yet, but some countries have already enacted global minimum tax legislation and others plan to enact legislation soon. How can Thai multinational enterprises prepare for compliance? Are there measures available to mitigate the impact? What o...
Pillar Two could significantly impact your financial operating model, putting data and systems at the center of your tax strategy. Are you Pillar two ready?
The OECD inclusive framework’s Pillar Two model rules, applicable to large multinational groups with annual consolidated group revenue of at least EUR 750 million, will result in "top-up" tax amounts to bring the overall tax on profits in each jurisdiction where a group operates up to a 15...
The components of the Pillar Two global tax reform rules have been agreed by 140 members of the OECD inclusive framework. Jurisdictions are in the process of implementing the Pillar Two model rules in their domestic legislation, and the rules will begin to apply as from January 2024. ...
Pillar Two provides a usable template to accomplish this, and a large economy like Germany can lead the way in doing so outside of EU legislation. Tax legislation is never smooth Large proposals almost always take longer to implement, stimulate more disagreement and require more effort to ali...
As of 1 January 2024, large-scale domestic and multinational groups within in the EU will face a minimum effective tax rate of 15%, as a result of the agreement reached by the EU Member States on the Directive implementing Pillar Two (the Directive). Thi
tax rate Ignacio Gepp of Puente Sur comments that progress on Pillar Two in Latin America has been slow and explains that the rules’ impact may vary across countries in the region, so that some may be more prepared to enact legislation than others. When the OECD’s Pi...
Pillar two may not be enough to persuade all governments to abandon unilateral policies to raise more tax revenue. Australia is one of the latest jurisdictions to confirm its timeline for introducing the global minimum tax rate – despite its predicted low revenue gains for the c...
assess the realizability of its DTAs solely on the basis of the regular tax system without taking into consideration amounts due under a Pillar Two AMT system (i.e., any incremental impact of the Pillar Two taxes would be accounted for in the period in which the Pil...