BEPS 2.0 implementation plan

KPMG Asia Pacific Tax Centre webinar

KPMG Asia Pacific Tax Centre webinar

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11:00 – 12:30 (HKT), 19 October 2021

On 8 October 2021, 136 of the 140 IF members approved the Statement on a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy. This sets the key aspects of the two “Pillars” of the BEPS 2.0 rules, including the global minimum tax rate of 15%, and the allocation to market countries of 25% of the ‘super profits’ of large MNEs. The statement also sets out the timelines for the development of detailed rules and for legislative implementation, as well as the target effective dates for the new rules (2023 for the principal rules). We will also cover the latest developments on U.S. tax reform related to BEPS 2.0, and the likely timetable for implementation.

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