Updated analysis of the treatment of intra-group asset transfers under the GloBE rules, including the step-up denial and examples of the impact of claiming a deferred tax asset under the OECD Administrative Guidance.
It was reported on October 23, 2023, that Kuwait is considering a comprehensive overhaul of its tax laws from January 1, 2025 to apply a 15 percent corporate tax on the profits of all legal persons, including major international companies.
On July 17, 2023, the OECD issued the model provision and commentary for the STTR. In this report we analyse the operation of the STTR based on this latest guidance.
Today, the International Accounting Standards Board (IASB) issued an Exposure Draft for proposed amendments to IAS 12 to take account of the Pillar Two Model Rules.
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.
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