FASB Clarifies the Deferred Tax Treatment of the GloBE Rules
Yesterday the Financial Accounting Standards Board (FASB) issued a Tentative Decision on the treatment under US GAAP of deferred taxes for the GloBE minimum tax.
Infographic Showing IASB Pillar 2 Deferred Tax Proposals
See our infographic for the impact of the proposed IASB Pillar 2 amendments to IAS 12 for MNEs with a December 31 year end.
GloBE Top-Up Tax Modelling Tool – Unlimited Companies
Calculate estimated GloBE top-up tax. Add unlimited companies and jurisdictions via an easy to use control panel to view potential jurisdictional liabilities.
Updated Pillar 2 Modelling Tool – OECD CbC Data
Our Modelling Tool takes the underlying source data from the OECD aggregated CbC source data and subjects it to a data manipulation process to provide a drill down into some of the key metrics and data sources that are relevant for Pillar Two on a jurisdictional basis.
Income Inclusion Rule Calculator
Use our members Income Inclusion Rule Calculator to see how the IIR applies. Enter details of the low-taxed entity including jurisdictional GloBE income and other relevant information to determine top-up tax payable by the parent company.
Liechtenstein to Consult on Pillar Two Global Minimum Tax
Liechtenstein has announced it is to issue a consultation on a Pillar Two Global Minimum Tax in March 2023.
Comprehensive Data Points for the Substance-Based Income Exclusion
In this article we take a comprehensive look at how the substance-based income exclusion applies including the various adjustments for permanent establishments and flow-through entities and the data points required.
Global Digital Services Tax Tracker: Updated
Our Global Digital Services Tax Tracker has been updated to January 23, 2023.
The Philippines Tax Regime and the Pillar Two GloBE Rules
In this article, we look at the potential impact of the Pillar Two GloBE Rules for MNEs operating in the Philippines.
Indonesian Regulation Signals Global Minimum Tax Implementation
On December 20, 2022, Indonesia issued Government Regulation No. 55/2022 on the Adjustment of Regulations in the Field of Income Tax. This included reference to the implementation of a global minimum tax in Indonesia as well a a desire to implement Pillar One.
