Navigating the new realities of Pillar Two compliance
As new global tax regulations take effect, here’s a closer look at the emerging challenges – and the leading practices to address them.
Pillar Two has arrived
“Pillar Two” is a component of the Base Erosion and Profit Shifting (BEPS) project developed by the Organization for Economic Co-operation and Development (OECD). Pillar Two consists of a set of interlocking and coordinated rules designed to ensure that multinational operating businesses pay a minimum rate of tax of 15 percent in very jurisdiction in which the group does business.
As we close out the first months of the Pillar Two era, Navigating the new realities of Pillar Two compliance provides insights into the key challenges, considerations, and emerging best practices, including:
- Increased reporting – and a third set of books
- Data and technology needs
- Aligning the organization
- Working ahead with auditors
As many companies expected, Pillar Two is a complex challenge with far-reaching implications: financial, operational, risk and controls, along with significantly increased demands on staff and technology needed to meet these complicated new reporting requirements.
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Discover the key challenges, considerations, and emerging best practices of Pillar Two.
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Pillar Two Gameplan
Our executive guide to the new rules – with implementation steps, and how accounting and finance may be impacted.
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KPMG professionals share insights on frequently asked questions about implementing Pillar Two covering tax, accounting and audit topics.
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