KPMG report: Comments on draft rules for domestic legislation on scope under Amount A of Pillar One

KPMG tax professionals submitted a memo with comments on the draft model rules for domestic legislation on scope under Amount A of Pillar One

Comments on draft rules for domestic legislation on scope under Amount A of Pillar One

The Organisation for Economic Cooperation and Development (OECD) on 4 April 2022 issued a public consultation document [PDF 424 KB] seeking public comments on draft model rules for domestic legislation on scope under Amount A of Pillar One—part of the ongoing work of the OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS) in implementing the two-pillar solution to address the tax challenges arising from the digitalisation of the economy.

As explained in the accompanying OECD release, the rules are designed to provide that Amount A only applies to large and highly profitable multinational groups and have been drafted to apply in a quantitative manner, such that they are readily administrable and provide certainty as to whether a taxpayer is within scope. Read TaxNewsFlash

In response to the OECD request for comments, KPMG tax professionals submitted a memo with comments on the draft model rules for domestic legislation on scope under Amount A of Pillar One. Read the KPMG comments [PDF 501 KB] 

 

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