This month’s review by Tim Sarson (KPMG) includes the latest batch of OECD BEPS releases and Pillar Two implementation updates from around the world.
OECD July releases
Following the Inclusive Framework (IF) Outcome Statement on 11 July 2023 (discussed in my July update) on 17 July 2023 the OECD released its Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (the report) alongside a tranche of BEPS 2.0-related documents. The highlights from these releases are below.
Pillar One: Amount A
The report states that the IF has delivered a text of the multilateral convention (MLC) to implement Amount A but IF members have yet to agree the text.
Recognising the need to prevent disruption or delay in the ratification of the MLC the report explains that IF members have agreed to refrain from imposing newly enacted digital services taxes (DSTs) or relevant similar measures on...
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This month’s review by Tim Sarson (KPMG) includes the latest batch of OECD BEPS releases and Pillar Two implementation updates from around the world.
OECD July releases
Following the Inclusive Framework (IF) Outcome Statement on 11 July 2023 (discussed in my July update) on 17 July 2023 the OECD released its Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (the report) alongside a tranche of BEPS 2.0-related documents. The highlights from these releases are below.
Pillar One: Amount A
The report states that the IF has delivered a text of the multilateral convention (MLC) to implement Amount A but IF members have yet to agree the text.
Recognising the need to prevent disruption or delay in the ratification of the MLC the report explains that IF members have agreed to refrain from imposing newly enacted digital services taxes (DSTs) or relevant similar measures on...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
