The Pillar Two rules are going live and represent the most significant global change to international tax since BEPS 1.0. This session will provide an Australian perspective on Pillar Two and what the Side-by-Side rules mean for businesses and their advisers. Our speakers explored key features of Pillar Two, including:
- The Combined Global and Domestic Minimum Tax Return, including key compliance requirements, timing considerations and practical issues for in-scope groups
- The Pillar Two safe harbours and exemptions, including when they may apply, key eligibility considerations and the challenges associated with relying on them
- The GloBE Information Return and foreign lodgement notification, including reporting obligations, interaction with overseas filings and practical areas of focus for multinational groups.