Webinar Series on Navigating Pillar Two – Pillar Two and its Implications on Tax Accounting 

The global minimum tax rate under the GloBE Rules is set to transform the tax landscape for multinational enterprises (MNEs). As tax authorities seek to curtail tax avoidance and profit-shifting practices, MNEs must navigate a new era of transparency and compliance.

The introduction of Pillar Two brings a new perspective to the way tax accounting is perceived. Where Pillar Two already assumes two key factors, being that intercompany transactions are taking place at arm’s length and the financial accounting is correct, a follow-up point of attention is tax accounting. Given the nature of the GloBE rules, classification of items through tax accounting is the key input to your Pillar Two calculation.

Subsequently, with the introduction of a global minimum tax, MNEs must reevaluate their tax strategies to comply with the new regulations. This will likely involve assessing their effective tax rates in different jurisdictions and potentially adjusting their financial structures and operations.

In this webinar, our expert speakers will delve into the challenges and opportunities this transformation brings to the relationship between Pillar Two and tax accounting within MNEs. They will explore how financial and tax reporting practices must adapt to reflect the changing international tax landscape.

Webinar Agenda: 

Understanding Pillar Two and its mechanisms

• Get a comprehensive overview of the Pillar Two initiative and its objectives.
• Learn about the key elements and mechanisms that constitute the Global Anti-Base Erosion proposal.
• Explore the recent developments and adoption status of Pillar Two in different jurisdictions.

The interaction between Pillar Two, Tax Accounting, and QDMTT

• Delve into the specific implications of Pillar Two on tax accounting for MNE’s.
• Understand how the introduction of a global minimum tax can influence tax strategies.
• Discover the challenges and complexities that may arise in maintaining compliant tax accounting practices.

Speakers

Raymund Gerardu, CFO, TPA Global
Jasper Verkamman, Associate, TPA Global
Raj Bolgabind, Tax & Technology Director, TIF Synergy

Date and Time

Wednesday, September 13th, 2023

16:00 – 17:00 CET.

Platform: Zoom

Register here