On the 6thof February 2025, the United Arab Emirates (“UAE”) released the legislation introducing a Domestic Minimum Top-up Tax (“DMTT”) for multinational enterprises (“MNEs”), through the publication ofCases, Provisions, Conditions, Rules, Controls, and Procedures on the Imposition of T...
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...
Pillar Two: UK updateDoug McHoney (PwC’s International Tax Services Global Leader) is joined by returning guest Matt Ryan, a PwC International Tax Partner based in London and leader of PwC UK’s International Tax and Treasury Network. Doug and Matt discuss a selective list of Pillar Two ...
Petroleum resource rent tax (PRRT)-specific anti-avoidance rules for the offshore resources sector – broadly, the legislation aims to strengthen these anti-avoidance rules and to more closely align the PRRT anti-avoidance rules with the income tax general a...
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...
Poland publishes draft legislation implementing global minimum tax (Pillar Two), with option to apply retroactively from 1 January 2024.
Deloitte Tax News & Views is a tax podcast committed to making sure you understand the latest tax developments and opportunities and their potential impact on your business. Listen as Deloitte Tax specialists provide key highlights of tax legislation, regulation, and more. Subscribe now on: iTunes...
Thailand’s draft law on pillar two In March 2024, the Thai Revenue Department (TRD) initiated a public consultation regarding the draft law on the pillar two scheme. The proposed legislation lays out the framework to establish a minimum tax rate for MNEs, enabling the collection ...
On 17 June, the OECD/G20 Inclusive Framework released a fourth tranche of Administrative Guidance on the Pillar Two GloBE Rules. The topics covered in the Administrative Guidance are deferred tax liability recapture, divergence between GloBE and accounti
Romaniatransposedon 5 January 2024 the legislation on the global minimum tax in the Romanian domestic tax legislation through Law no. 431/2023. Although the first filing deadline for multinational and domestic groups in scope is estimated for June 2026, entities should start gathering the significant...