#TaxmannPPT | Pillar Two – Global Anti-base Erosion Rules [GloBE Rules]

OECD Pillar Two May 2024

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#TaxmannPPT | Pillar Two – Global Anti-base Erosion Rules [GloBE Rules]

Published on Jun 5, 2024

✔️ Journey of the Rules and Other Related Developments • OECD Pillar Two – Roadmap to Implementation • OECD Pillar Two – Key Rules • Jurisdiction-wise Implementation Status ✔️ Overview of the Rules • OECD Pillar Two – Rule Overview • OECD Pillar Two – Computation Flow • Discussion on Safe Harbors • ETR & Top-up Tax • Allocation of Top-up Tax • GloBE Information Return • Accounting Disclosure ✔️ India Impact • India Impact – Outbound Investment • India Impact – Inbound Investment • Impact on Indian Headquartered Multinational Enterprises (MNEs) and Inbound MNEs ✔️ Practical Issues • Issue 1 – Financial Statements to be used for Pillar Two Computation • Issue 2 – Treatment of opening brought forward tax losses in the Transition Year • Issue 3 – Whether PE are required to maintain separate FS • Issue 4 – Accounting Disclosures • Issue 5 – BEAT and Similar Taxes • Other Issues ✔️ Way Forward and Futuristic Outlook

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