control of your Legal entity management
13 March, 2023 |

You must be in control of your Legal entity management data to be Pillar 2 compliant 

We have reviewed the data you need to manage to comply with the Pillar 2 process. Below is some information on legal entity data that will be essential to control.   Several new compliance tasks have been introduced that affect the tax department. These tasks require you to control your legal entities and data around the […]

The interaction between Safe Harbour and QDMTT
7 February, 2023 |

The interaction between Safe Harbour and Qualified Domestic Minimum Top-Up Tax

The interaction between Safe Harbour and Qualified Domestic Minimum Top-Up Tax increase the need for solutions outside of your accounting and tax accounting systems  Assumably, many countries will implement a local Qualified Domestic Minimum Top-up Tax (QDMTT) which will decrease the number of entities in a group where a full data collection process is needed. […]

30 December, 2022 |

Pillar 2 safe harbour

– The first step to implement a Pillar 2 solution in your group The OECD released the transitional Safe harbour rules in December and has its starting point in the CbC reporting to calculate if a jurisdiction qualifies. However, the rules are complex, and thus, you need to put a process in place to understand […]

streetview of castle and horse statue
13 December, 2022 | Tax management

Pillar 2 Timeline

Setting your group’s timeline for getting Pillar 2 ready is essential. Below we have gathered some thoughts regarding this based on our Pillar 2 discussions with multinational companies. One of the most common questions is, “When do we as a group need to be Pillar 2 ready?”. One obvious answer is that you must file […]

16 August, 2022 | Tax management

Why you want to avoid using the group accounting & tax accounting systems for Pillar 2 reporting

This article will look at challenges you face when implementing a solution for Pillar 2 reporting with a specific focus on data collection. The Pillar 2 rules are complex and require you to implement a solution that supports several steps to determine if you need to pay any top-up tax. In general, there are two […]