This session of our Corporate Tax through the lens of Pillar 2 webinar series focused on the impact of Pillar 2 on real estate. The key topics covered during the session included:
- An update on the latest Pillar 2 developments (especially UAE not implementing in 2024).
- Details on real estate investments and transactions under the CT and Pillar 2 regimes, including:
- Holding real estate by individuals
- MD 120 transitional rules/elections
- Article 20(2) of CT Law/MD 134 elections for unrealized gains and losses
- Real Estate Investment Trust considerations.
As a reminder, this webinar series is tailored for outbound and inbound multinational enterprises that will be impacted by Pillar 2. During the series, we will be guided by the following questions:
- How will the CT regime drive the Effective Tax Rate for Pillar 2?
- What is the level of convergence between CT and Pillar 2?
- To what extent can the Pillar 2 rules/commentary be deployed to interpret the provisions of the CT law?
- What are the key differences between CT and Pillar 2?
Speakers
- Jan Roderick Van Abbe
- Bhumit Gangar
