More than 140 jurisdictions have now signed up in principle to the global minimum tax framework, representing a ground-breaking plan to update key elements of the international tax system, which is no longer fit for purpose in a global and digitalised economy.
The Pillar 2 Global Anti-Base Erosion (GloBE) rules have been developed by the Organisation for Economic Co-operation and Development (OECD) to provide a common system of taxation that ensures multinational enterprises (MNEs) pay a global minimum tax (GMT) of 15% in each jurisdiction where they operate and generate income.
On 14 March 2022, the OECD published a comprehensive commentary and illustrative examples of what the implementation of the GloBE rules could look like. However, with the rules still evolving keeping track of progress is essential.
That's why we've developed our practical guide to Pillar 2 GloBE to support businesses to navigate their Pillar 2 journey.
Watch our introduction to Pillar 2 video to learn more about the new Pillar 2 GloBE rules:
An introduction to Pillar 2 GloBE
Addressing Pillar 2 GloBE requires an international approach that joins the dots between how parent entities and subsidiaries are impacted based on revenue and location. Ensure your business remains complaint and adapts to these new rules: https://www.mazars.com/Home/Services/Tax/Pillar-2-GloBE
For more information go to mazars.com
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Elin Janzon Auktoriserad revisor - Stockholm
Nina Laird Tax Lawyer - Stockholm
