Following Trump’s Executive Orders on the Organisation for Economic Co-operation and Development (OECD) Global Tax Deal and subsequent promulgations, 21 Mar 2025 marks the deadline for the United States (U.S.) Secretary of the Treasury and Trade Representative to report on impacted nations implementing extraterritorial and discriminatory taxes that affect U.S. companies. Retaliatory measures are expected, raising questions about far-reaching, potential repercussions beyond tariffs and tax implications, while also considering key takeaways from other Trump Administration policies, such as the “America First Investment Policy” memorandum.
Pillar 2 compliance is accelerating, with over 60 jurisdictions introducing Pillar 2 legislation as of January 2025. As in-scope Multinational Enterprise (MNE) groups move into the next phase of compliance, what is the best approach to budgeting for Pillar 2, balancing external advisory support and internal resources?
Join our upcoming webinar to dive into these critical developments and their implications for businesses in the changing global tax landscape.
Webinar highlights:
- Extraterritorial & discriminatory taxes: Learn about the taxes the U.S. may retaliate against, which countries will be impacted, and potential changes to Pillar 2 rules. We will also discuss about the expected 6th OECD Administrative Guidance.
- Pillar 2 compliance scoping: Understand how to budget and allocate resources for Pillar 2 compliance, and the scenarios to consider in your scoping exercise.
- Global Anti-Base Erosion Information Return (GIR): Stay updated on the European Union DAC9 draft directive and its impact on information exchange among member states. Understand the nuances of the January 2025 GIR template, including whether the “Transitional Simplified Jurisdictional Reporting Framework” eases compliance for in-scope MNE groups.
With KPMG in Singapore, you can Be in Front of the evolving tax landscape and ensure compliance as you prepare for Pillar Two's implementation.
