KPMG report: Inclusive Framework Administrative Guidance on limitation of the use of deferred tax assets under transitional rules (Article 9.1)
Focuses on the guidance on deferred tax assets under Article 9.1
The Inclusive Framework (IF) on Base Erosion and Profit Shifting (BEPS) on January 15, 2025, released a fifth tranche of Administrative Guidance (AG5) on a specific provision dealing with the use of deferred tax assets under the global anti-base erosion (GloBE) transitional rules. Other material concerning the GloBE Information Return, the qualification process, and exchange of information were also released. Read TaxNewsFlash
Read a January 2025 report prepared by KPMG LLP that focuses on the guidance on deferred tax assets under Article 9.1.