KPMG report: Comments on progress report on Amount A of Pillar One

KPMG report: Response to OECD request for comments

KPMG report: Response to OECD request for comments

The Organisation for Economic Cooperation and Development (OECD) on 11 July 2022 issued a release seeking public comments on a Progress Report on Amount A of Pillar One [PDF 1.55 MB]—part of the ongoing work of the OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS) in implementing the two-pillar solution to address the tax challenges arising from the digitalisation of the economy. Read TaxNewsFlash

As explained in the accompanying OECD release,

  • The progress report includes a consolidated version of the operative provisions on Amount A (presented in the form of domestic model rules), reflecting the technical work completed thus far.
  • The report does not yet include the rules on the administration of the new taxing right, including the tax certainty-related provisions, which will be released in due course and before the Inclusive Framework meeting in October 2022.
  • Frequently asked questions [PDF 318 KB], as well as a fact sheet [PDF 385 KB], are available to provide an overview on the application of the rules.

In response to the OECD request for comments, KPMG tax professionals submitted a memo with comments [PDF 302 KB] on the OECD document Progress Report on Amount A of Pillar One.

Read all of KPMG’s comment letters to the OECD on BEPS.


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