Update On Latest OECD Developments: Pillar One And Pillar Two [On demand]

(Aired 2 August 2023)

Host: Alison Lobb

Presenters: Bob Stack, Lisa Shipley

The G20/OECD Inclusive Framework continue to work on both the Pillar One and Pillar Two rules and have recently published a number of documents. What key areas will your organisation need to consider when preparing to comply with the rules? We'll discuss the latest developments on:

• Pillar Two - latest developments in respect of safe harbours, timing of the ‘backstop’ undertaxed profits (UTPR) rule, the ‘GloBE Information Return’ and latest OECD commentary 
• Pillar Two subject to tax rule (STTR) - a withholding-type tax for some intra-group payments from developing countries to countries with a nominal rate below 9% 
• A new consultation on Pillar One’s ‘Amount B’ and a baseline return for marketing and distribution activities 
• Latest updates on Pillar One’s Amount A, including in respect of Digital Services Taxes (DSTs)

Find out what the latest developments could mean for your
business.