What does the #BEFIT proposal aim to achieve ❓ The EU corporate #tax landscape can be complex, but BEFIT seeks to streamline and simplify it. By aligning with the OECD/G20 Inclusive Framework Two-Pillar Solution rules and reducing compliance burdens, BEFIT aims to make doing business across the EU easier. 📢 Watch our BEFIT webinar video with Bert Zuijdendorp, Head of Unit for Company Taxation 👇 https://lnkd.in/d7w8DdnC #BEFIT_FAQ
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The enactment of Pillar Two in over 25 jurisdictions represents a pivotal moment for calendar-year companies. Understanding its forecasted impacts on Q1 2024 income tax provisions is not just important — it's essential. 🔗 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐢𝐧𝐠 𝐭𝐡𝐞 𝐏𝐢𝐥𝐥𝐚𝐫 𝐓𝐰𝐨: 𝐐1 2024 𝐂𝐡𝐞𝐜𝐤𝐥𝐢𝐬𝐭 𝐟𝐨𝐫 𝐔𝐒 𝐌𝐍𝐄𝐬 Curated by Global Tax Management, WTS Global member firm in the US, this checklist is designed to help you navigate the new tax laws with ease, offering insights from the latest OECD guidance and IRS notices. ➢ https://lnkd.in/d7-zqTC7 Authors: Raymond P Wynman Ross McKinney Andrew Wai 𝘚𝘵𝘢𝘺 𝘐𝘯𝘧𝘰𝘳𝘮𝘦𝘥. 𝘚𝘵𝘢𝘺 𝘈𝘩𝘦𝘢𝘥. WTS Global Locally rooted - Globally connected #wts #wtsglobal #tax #taxation #taxnews #taxinsights #globaltax #internationaltax #internationaltaxation #corporatestrategy #pillartwo #usbusiness #mnes #compliance
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Need help with 2024 Q1 Pillar Two compliance? Take a peek at WTS Global's curated checklist for US MNEs.
The enactment of Pillar Two in over 25 jurisdictions represents a pivotal moment for calendar-year companies. Understanding its forecasted impacts on Q1 2024 income tax provisions is not just important — it's essential. 🔗 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐢𝐧𝐠 𝐭𝐡𝐞 𝐏𝐢𝐥𝐥𝐚𝐫 𝐓𝐰𝐨: 𝐐1 2024 𝐂𝐡𝐞𝐜𝐤𝐥𝐢𝐬𝐭 𝐟𝐨𝐫 𝐔𝐒 𝐌𝐍𝐄𝐬 Curated by Global Tax Management, WTS Global member firm in the US, this checklist is designed to help you navigate the new tax laws with ease, offering insights from the latest OECD guidance and IRS notices. ➢ https://lnkd.in/d7-zqTC7 Authors: Raymond P Wynman Ross McKinney Andrew Wai 𝘚𝘵𝘢𝘺 𝘐𝘯𝘧𝘰𝘳𝘮𝘦𝘥. 𝘚𝘵𝘢𝘺 𝘈𝘩𝘦𝘢𝘥. WTS Global Locally rooted - Globally connected #wts #wtsglobal #tax #taxation #taxnews #taxinsights #globaltax #internationaltax #internationaltaxation #corporatestrategy #pillartwo #usbusiness #mnes #compliance
Pillar Two: Q1 2024 Checklist for US MNEs
gtmtax.com
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Need help with 2024 Q1 Pillar Two compliance? Take a peek at WTS Global's curated checklist for US MNEs. #BDBLaw #WTSGlobal #PillarTwo
The enactment of Pillar Two in over 25 jurisdictions represents a pivotal moment for calendar-year companies. Understanding its forecasted impacts on Q1 2024 income tax provisions is not just important — it's essential. 🔗 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐢𝐧𝐠 𝐭𝐡𝐞 𝐏𝐢𝐥𝐥𝐚𝐫 𝐓𝐰𝐨: 𝐐1 2024 𝐂𝐡𝐞𝐜𝐤𝐥𝐢𝐬𝐭 𝐟𝐨𝐫 𝐔𝐒 𝐌𝐍𝐄𝐬 Curated by Global Tax Management, WTS Global member firm in the US, this checklist is designed to help you navigate the new tax laws with ease, offering insights from the latest OECD guidance and IRS notices. ➢ https://lnkd.in/d7-zqTC7 Authors: Raymond P Wynman Ross McKinney Andrew Wai 𝘚𝘵𝘢𝘺 𝘐𝘯𝘧𝘰𝘳𝘮𝘦𝘥. 𝘚𝘵𝘢𝘺 𝘈𝘩𝘦𝘢𝘥. WTS Global Locally rooted - Globally connected #wts #wtsglobal #tax #taxation #taxnews #taxinsights #globaltax #internationaltax #internationaltaxation #corporatestrategy #pillartwo #usbusiness #mnes #compliance
Pillar Two: Q1 2024 Checklist for US MNEs
gtmtax.com
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#Tax in #Bahamas? https://lnkd.in/ercGvV2F On 10 September 2024 EY is hosting a #webcast exploring the latest developments on Pillar One and Two, such as: ✅ Key aspects of the June 2024 #Pillar #Two Administrative Guidance including the treatment of deferred taxes and the allocation of taxes; ☑ Pillar Two #implementation and jurisdictional deviations from the model rules; and ✅ Ongoing Inclusive Framework activity on Pillar One and jurisdictional response to #Amount #B. 👉 You can register for the webcast here: https://lnkd.in/ejhcpgMX
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🌐 Explore the latest advancements in Pillar Two implementation as of April 2024, reshaping the global tax landscape. ➢ https://lnkd.in/dm82eDj8 As more countries around the world take steps to implement Pillar Two rules, it's increasingly vital for businesses and stakeholders to stay #informed and #proactive. 📈 Stay ahead of the curve with WTS Global. Our expert team offers tailored services to streamline Pillar Two #compliance and strategic #planning for your business. WTS Global Locally rooted - Globally connected #wts #wtsglobal #tax #taxation #taxadvisors #taxnews #pillartwo #globaltax #businessnews #legislation #taxupdates
Pillar Two: Updates April 2024
wts.com
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“Although the first deadlines are not expected to be until at least 2026 regarding accounting period ending June 2025 and beyond, many multinationals will be nervous regarding their country-by-country information being in the public domain and being over-analysed and/or misinterpreted by stakeholders.” Corporate Tax Partner, Chris Danes working in collaboration with the esteemed International Bureau of Fiscal Documentation (IBFD) explores the latest updates on the EU's new Directive on Public Country-by-Country Reporting: https://ow.ly/Q7PY50QAAEa #tax #europeanunion #internationaltax
Belgium Enacts Law Implementing Public Country-by-Country Reporting…
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📢 EY Tax alert: 𝗕𝗲𝗹𝗴𝗶𝗮𝗻 𝗣𝗶𝗹𝗹𝗮𝗿 𝗧𝘄𝗼 𝗹𝗲𝗴𝗶𝘀𝗹𝗮𝘁𝗶𝗼𝗻 𝗳𝘂𝗿𝘁𝗵𝗲𝗿 𝗮𝗹𝗶𝗴𝗻𝗲𝗱 𝘄𝗶𝘁𝗵 𝗢𝗘𝗖𝗗’𝘀 𝗴𝘂𝗶𝗱𝗮𝗻𝗰𝗲 Amendments relate, amongst others, to the implementation of specific OECD’s Agreed Administrative Guidelines, the establishment of a legal framework for Pillar Two tax prepayments and additional reporting obligations. 📜 🔍 For a deep dive into the details, read our latest tax alert! #EY #EYBelgium #TaxReform #CorporateTax #PillarTwo #GlobalMinimumTax #OECD #TaxCompliance
Belgian Pillar Two legislation further aligned with OECD’s guidance
ey.smh.re
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We are pleased to share our latest Publication, ‘Tax Waivers and Tax Incentive Schemes - Assessing Impact on Businesses and the Economy’ by Vincent Okoukoni, ACCA, Senior Manager and Abdullah Sulaimon, Experienced Analyst, Commercial Practice Group. https://lnkd.in/dDUV9ice #TaxWaivers #TaxIncentives #BusinessImpact #EconomicImpact #Taxation #GovernmentPolicy #AndersenNigeria
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Pillar Two impacts many dimensions within the organization. Not only the calculations are complex, but requires good data from different sources, the support of technology, sound processes and internal controls and overall support and sponsorship from Finance and other areas outside of Tax. Is your company well positioned to comply with required disclosures in 2023 and manage this minimum tax starting next year?
Companies preparing for BEPS Pillar Two know the GloBE Rules and local country legislation enacting the rules present a number of nuanced challenges. A notable surprise to some companies is the realization that a 15%+ statutory tax rate and a 15%+ financial reporting effective tax rate may not be sufficient to avoid top-up tax under the detailed global minimum tax calculations. Contact me or any of my Tax Accounting Risk Advisory Services or International Tax Services colleagues to hear how we can help your company prepare for Pillar Two. #beps #pillartwo #eytax
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📢 EY Tax alert: 𝗕𝗲𝗹𝗴𝗶𝗮𝗻 𝗣𝗶𝗹𝗹𝗮𝗿 𝗧𝘄𝗼 𝗹𝗲𝗴𝗶𝘀𝗹𝗮𝘁𝗶𝗼𝗻 𝗳𝘂𝗿𝘁𝗵𝗲𝗿 𝗮𝗹𝗶𝗴𝗻𝗲𝗱 𝘄𝗶𝘁𝗵 𝗢𝗘𝗖𝗗’𝘀 𝗴𝘂𝗶𝗱𝗮𝗻𝗰𝗲 Amendments relate, amongst others, to the implementation of specific OECD’s Agreed Administrative Guidelines, the establishment of a legal framework for Pillar Two tax prepayments and additional reporting obligations. 📜 🔍 For a deep dive into the details, read our latest tax alert! #EY #EYBelgium #TaxReform #CorporateTax #PillarTwo #GlobalMinimumTax #OECD #TaxCompliance
Belgian Pillar Two legislation further aligned with OECD’s guidance
ey.smh.re
