KPMG report: Comments on public consultation document on Amount B under Pillar One

KPMG tax professionals submitted a memo with comments on the OECD’s public consultation document

KPMG submitted a memo with comments on the OECD’s public consultation document

The Organisation for Economic Cooperation and Development (OECD) on 8 December 2022 issued a public consultation document on Amount B under Pillar One [PDF 1 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, Amount B provides for a simplified and streamlined approach to the application of the arm’s length principle to in-country baseline marketing and distribution activities, with a particular focus on the needs of low-capacity countries. The public consultation document outlines the main design elements of Amount B and was released by the OECD in order to obtain input from stakeholders on the technical aspects of Amount B.

In response to the OECD request for comments, KPMG tax professionals submitted a memo with comments [PDF 329 KB] on the OECD’s public consultation document Pillar One - Amount B.

Read all of the KPMG comment letters to the OECD on BEPS


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