As the world of international taxation enters a new era with Pillar Two, we are at the frontiers of change.

The Singapore Ministry of Finance's draft legislation for the Multinational Top-up Tax (MTT) and Domestic Top-up Tax (DTT), the Organisation for Economic Co-operation and Development’s (OECD) latest Administrative Guidance (AG) on the Global Anti-Base Erosion Model Rules (GloBE Rules), Belgium's pioneering registration requirement for in-scope Multinational Enterprise (MNE) Groups, and the Subject-To-Tax-Rule (STTR) Multilateral Instrument signing ceremony all mark significant milestones in this journey.

Join us in an engaging in-person session as we explore the intricacies of these developments and share insights from the successes and challenges faced by MNE Groups across various sectors with practical insights that can help you in your implementation process.

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Event highlights

Topic

Key points

Singapore Draft MTT and DTT Legislation
  • Key observations
  • Implications of MTT/DTT on Singapore Income Tax Act

OECD’s fourth AG for GloBE Rules
  • Guidance on implementation
  • Application of recapture rule applicable to Deferred Tax Liabilities
  • Divergence between GloBE and accounting carrying values
  • Allocation of profits and taxes in structures with flow-through entities

Belgium Pillar Two Registration
  • Datapoints expected to be provided by in-scope MNE groups for future Pillar Two registrations
  • Best practices to gather data

Treaty-based STTR
  • Recap on practical challenges and compliance burden for all tax residents (not just in-scope MNE groups)

Transitional Country-by-Country Reporting Safe Harbour (TCSH)
  • FAQs on application
  • Application of TCSH for FY 2024 Tax Provisioning (interim reporting and full year reporting)


This is a pivotal moment for all in-scope entities to learn, adapt, and prepare for the transformative impact of Pillar Two on the global tax landscape.

Admission to this event is complimentary; but early registration is highly recommended to secure your spot. There will also be an opportunity to network with other tax professionals.

Please indicate your availability by clicking on the registration button. If you are unable to join us, feel free to extend this invitation to other members of your organisation.

We look forward to welcoming you at the event. 

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Date
Thursday, 22 August 2024

Time
9.30 am - 10.00 am
(Registration and breakfast)

10.00 am - 12.00 pm
(Event)

Venue
KPMG Clubhouse
Asia Square Tower 2, Level 15
12 Marina View
Singapore 018961

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