19 October 2021

A regional perspective on the implementation of BEPS 2.0 as it relates to tax incentives

Governments in jurisdictions globally are moving quickly to determine their policy responses to the measures set out by the OECD Inclusive Framework (IF) on 1 July 2021, when 133 out of 139 IF members reached a majority agreement on the building blocks for a new global tax framework – the BEPS 2.0 Pillar One and Pillar Two reforms.

Jurisdictions in the Asia Pacific region are no exception. Many are currently offering a range of tax incentives, several of which are below the global minimum tax rate, to attract foreign investment and drive the development of local infrastructure. With BEPS 2.0 reform activity increasing, governments in the region need to determine their tax policy responses to the measures that can effectively neutralize their incentives, even without the domestic adoption of rules.

Download the full guide to understand the impact of BEPS on tax incentives in the Asia Pacific region.



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Alia Lum

Partner, Tax Policy & Regulatory Engagement Lead, KPMG in Australia

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