Netherlands: Considerations for companies in scope of Pillar Two rules

A KPMG report discussing main considerations for companies in scope of Pillar Two rules

A KPMG report discussing main considerations for companies in scope of Pillar Two rules

KPMG professionals in the Netherlands prepared a report discussing the main considerations for companies in scope of the Pillar Two rules—proposed by the Organisation for Economic Cooperation and Development (OECD) as part of its ongoing work on base erosion and profit shifting (BEPS) in implementing the two-pillar solution to address the tax challenges arising from the digitalization of the economy.

The rules under Pillar Two would establish a global minimum tax of 15% for multinational enterprises with a turnover of at least €750 million, effective from 2023. The European Commission on 22 December 2021 published a draft EU Directive to incorporate the Pillar Two rules into EU law. Read a 2021 report prepared by KPMG’s EU Tax Centre.

The May 2022 report [PDF 641 KB] prepared by the KPMG member firm in the Netherlands outlines the main considerations for companies in scope of the Pillar Two rules to help such companies prepare for this additional compliance obligation. The report examines these considerations from 3 different perspectives:

  • Tax director’s perspective
  • Tax assurance perspective
  • Data management perspective

 

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