Fundamentals of the GloBe Rules - Pillar Two

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The Globe Anti-Base Erosion Model (GloBE) Rules relate to the levying of a top-up tax under Pillar Two up to a minimum rate of 15%. This course offers a solid introduction to the fundamentals of these rules and includes issues such as scope, the calculation of the top-up taxes and the charging mechanisms. Some aspects of the determination of GloBE Income or Loss and adjusted covered taxes are also dealt with. The course is full of numerical examples and combines theory and practice.

Topics Covered

  • Scope and top-up tax
  • The charging mechanisms
  • GloBE Income or Loss
  • Adjusted covered taxes
  • Qualified domestic minimum top-up tax (QDMTT)

Learning Objectives

After completing this course, participants will be able to:

  • Calculate the top-up tax under Pillar Two
  • Identify which charging mechanism will apply
  • Calculate the top-up tax under the QDMTT
  • Determine the GloBE Income or Loss
  • Determine the adjusted covered taxes

Who should participate

This course is suitable for practitioners in government such as tax inspectors and newly hired employees who need to build up their knowledge of Pillar Two and government officials from developing countries who regularly encounter issues related to Pillar Two. It is equally suitable for the tax advisory industry and large MNE groups, to give their people a good starting point in the complexities of Pillar Two; not to forget anyone who simply desires a foundational understanding of the Pillar One and Two principles.

Recommended prerequisites (for guidance only) and advance preparation

Participation in the course does not require prior experience or knowledge of Pillar One and Two.

No advance preparation is necessary. All required study material is provided within the online training.

Total Study Time and Access Period

Access to the online course is granted for a period of 2 months, from the date of ordering or the indicated start date.

Mandatory course activities: 6 hours

All mandatory course activities can be completed within the access period by dedicating approx. 1 hour of study per week. Please note that study materials included in the course or certificate programme will be accessible for the duration of the access period only. Non-mandatory supplementary material is also provided in this course.

Continuing Professional Education (CPE)

We recommend you check with your respective accrediting organizations to determine the eligibility of CPE credits.

International Bureau of Fiscal Documentation (IBFD) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of CPE on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Issues regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Recommended NASBA CPE credits for this course is: 6

FAQ

See our FAQ section for more information. Regarding administrative policies such as complaint, cancellation or refund, please refer to our Terms and Conditions or contact us at info@ibfd.org. 

Additional Information

Field of study: Taxes

Delivery format: Online - QAS Self Study

Disclaimer

Please note that the content of this online course is subject to change based on updates in industry standards, regulatory requirements, and other developments. We strive to provide the most accurate and current information; however, we recommend verifying any critical details independently.

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