First Domestic Pillar Two Global Minimum Tax Law Enacted
On December 31, 2022 the first domestic law was enacted to give effect to the Pillar Two GloBE rules from January 1, 2024. Read more.
First Domestic Pillar Two Global Minimum Tax Law Enacted
On December 31, 2022 the first domestic law was enacted to give effect to the Pillar Two GloBE rules from January 1, 2024. Read more.
UPE Data Points for the GloBE Information Return
In this first of a series of articles that will break down all of the data points for the purposes of the Pillar Two GloBE rules (and in particular the expected reporting in the GloBE information return), we look at the UPE data points in the corporate structure.
IASB to Publish Pillar 2 Exposure Draft on January 9, 2023
The International Accounting Standards Board (IASB) has stated it expects to publish its Exposure Draft on the Pillar Two Model Rules on January 9, 2023. Read more.
ATAF Releases Draft Domestic Minimum Tax Legislation
The African Tax Administration Forum (ATAF) has released a Suggested Approach to Drafting Domestic Minimum Top-Up Tax Legislation under the Pillar Two GloBE Rules.
Pillar Two: What to Expect in 2023
We can expect to see a substantial number of countries releasing and enacting legislation to implement Pillar Two in 2023.
Japans Pillar 2 Proposals in its 2023 Tax Reform Outline
On December 16, 2022, the ruling coalition issued the draft tax reform outline for 2023. This indicates that draft legislation to incorporate an income inclusion rule based on the OECD Model Rules will be put forward in 2023.
U.S Updates its GloBE Impact Document
On December 21, 2022, the Congressional Research Service updated its policy document: The Pillar 2 Global Minimum Tax: Implications for U.S. Tax Policy following the EU adoption of the Global Minimum Tax Directive.
OECD Consultation on the Pillar Two GloBE Information Return
On December 20, 2022, the OECD published a consultation document on the Pillar Two GloBE Information Return which includes 268 data points for MNEs to collect.
OECD Consultation on Tax Certainty for the GloBE Rules
On December 20, 2022, the OECD published a consultation document on Tax Certainty for the GloBE Rules. We look at the key highlights.
