Digital Economy / All

Documents released on withdrawal of digital services tax under Pillar One, implementation under Pillar Two.

On 12 December 2022, the European Council confirmed that they reached unanimous agreement regarding implementation of the OECD Pillar Two 15% global minimum effective tax rate rules.

The OECD is consulting on ‘Amount B’, the simplification of transfer pricing for distributors. We summarise the proposals.

Initial observations and analysis of the public consultation document.

BEPS Pillar Two - Global minimum top-up tax - Potential exception to deferred tax accounting.

KPMG tax professionals submitted a memo with comments.

As part of the Future of Tax & Legal webcast series, on 8 November 2022 KPMG held a webcast providing an update on the developments in Pillar 1 and Pillar 2.

Arm's-length principle versus global formulary apportionment—read about how BEPS 2.0 and other OECD initiatives are reassessing transfer pricing.

As part of the Future of Tax & Legal webcast series, you are invited to the next session on Tuesday 8 November 2022 at 1pm.