Pillar Two Rules.pdf

safe-harbours-and-penalty-relief-global-anti-base-erosion-rules-pillar-two.pdf
Preview of Pillar Two Rules
🔗 Source: oecd.org
📊 Size: 459 KB
👤 Author: OECD
⬇️ Downloads: 83

Summary

The OECD/G20 Inclusive Framework on BEPS has agreed on a transitional safe harbour and a framework for a permanent safe harbour, as well as a transitional penalty relief regime, to reduce compliance burdens for MNEs under the Global Anti-Base Erosion Rules (Pillar Two). The transitional safe harbour excludes MNE operations in lower-risk jurisdictions from GloBE scope if they meet certain tests, such as revenue and income below a de minimis threshold, an effective tax rate (ETR) that equals or exceeds an agreed rate, or no excess profits after excluding routine profits. A permanent safe harbour framework is also established to reduce computations and adjustments under the GloBE Rules.

Description

The OECD/G20 Inclusive Framework on BEPS has agreed on a transitional safe harbour and a framework for a permanent safe harbour, as well as a transitional...

Technical Information

  • File Format: PDF
  • File Size: 459 KB
  • Pages: 30
  • Language: EN
  • Author: OECD
  • Total Downloads: 83
  • Last Updated: 1 week ago

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