The BEPS 2.0 measures are designed to deal more effectively with contemporary multinational business structures. They aim to address situations where a business can play a substantial role in a national economy without having a physical presence there.
The measures are comprised of two Pillars:
- Pillar 1 – Applies to certain highly profitable multinational groups with global revenue exceeding EUR 20 billion.
- Pillar 2 – Applies to multinational groups with global revenue exceeding EUR 750 million.
KPMG can help companies analyse the impact of BEPS 2.0 on their business and respond to new BEPS proposals.
How KPMG can help
Globally connected, KPMG can assist companies to understand the implications of BEPS through:
We help organisations navigate through complex rules, including the impact on group structures, financing and value chains.
Impact assessment and
We assist organisations evaluate their data challenges using our rapid assessment tool to identify data gaps and build plans for future compliance.
Accounting and assurance support
We provide assistance with accounting impacts and interactions across Pillar One and Pillar Two rules.
We help with planning BEPS 2.0 responses and provide resource support, including governance assessments, facilitating communication with stakeholders and managed service support.
BEPS: Frequently asked questions
Understanding the potential impact of the BEPS 2.0 proposals is vital to how your organisation proceeds. KPMG's BEPS 2.0 Rapid Assessment Tool can enable you to quickly assess the likely impact and degree of focus needed to respond effectively to the challenges that the BEPS 2.0 proposals may pose to your business.
Project plans are not just about working out the impact on your organisation. Engagement with internal and external stakeholders, resource requirements, accounting interactions, impact on governance and controls, domestic regulator engagement, systems/data and business restructuring are all key areas to build into any plan. We can work with you to develop a holistic plan and provide resourcing support as you begin your BEPS 2.0 journey.
The BEPS 2.0 changes are expected to lead to some simplification of group structures and value chains. Domestic minimum taxes, unwind of incentives and jurisdictional blending may lead to centralising some operations and decentralising others. KPMG can assist with restructuring services, and our experienced tax and legal teams work with you to look at ensuring group structures, financing arrangements and supply chains are fit for the future.
Many multinational groups have been surprised with the level of complexity and data needed to comply with the rules, with compliance processes needed even if no top up tax is ultimately payable. KPMG’s BEPS 2.0 Rapid Assessment Tool can be used to identify the data gaps, and KPMG can work with you to resolve these. Operating models can then be designed based on source systems, reporting needs and resource constraints.
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Thought leadership, research and reports relevant to BEPS 2.0.
Draft Model Rules released by the OECD for public consultation covers elements of Pillar 1 of the redesign of international business income tax rules.
The OECD has released draft Pillar 1 Model Rules for public consultation.
Following the OECD's release of BEPS Pillar 2 Global Anti-Base Erosion Model Rules, KPMG highlights key system and data implications to consider.
Learn more about BEPS Pillar 2 GloBE Model Rules key system and data implications.