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.
OECD Releases Draft MLC Articles for Removal of Digital Service Taxes
On December 20, 2022, the OECD opened a consultation on the draft Multilateral Convention provisions for the removal of Digital Services Taxes and other similar measures under Pillar One.
OECD Releases the Safe Harbours for the Pillar Two GloBE Rules
Today the OECD announced details of two safe harbours and a penalty relief provision for the Pillar Two GloBE rules.
Irish 2022 Finance Bill Changes for Pillar Two
The Irish Finance Bill 2022 was published in October 2022 and includes some key changes to the corporation tax system to take account of the Pillar 2 rules.
