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International review for May 2023

Recent developments that matter from around the globe, reported by Tim Sarson (KPMG).

BEPS 2.0 update

On 31 March 2023 the president of Kenya announced plans to review the country’s digital service tax (DST) and to align it with the OECD two-pillar solution. This announcement represents a shift in policy for Kenya who chose not to sign the OECD Inclusive Framework (IF) statement on a two-pillar solution back in October 2021.

Nigeria is another country which did not sign the 2021 IF statement but that is now showing signs of a shift in approach. On 4 and 5 April 2023 the Nigerian Federal Inland Revenue Service (FIRS) held a workshop with a delegation from the OECD to familiarise relevant government officials with the Pillar Two rules and to discuss the potential benefits for Nigeria. An outcome statement following the workshop advised the need to consider immediate...

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