Pillar Two in Action: Practical Insights and Compliance Challenges

The Pillar Two rules aim to enforce a global minimum tax rate of 15% for large corporate groups by employing three key rules (the income inclusion rule (IIR), the undertaxed profit rule (UTPR) and the qualified domestic minimum top-up tax (QDMTT)). After years of negotiations within the Inclusive Framework, 2024 is the year in which Pillar Two starts producing effects, with numerous countries already implementing selected measures. This webinar, presenting insights from both in-house tax practitioners and specialized consultants, will delve into the current global implementation status of the Pillar Two rules and guide the audience through practical challenges such as scope analysis, the preparation of financial statements, safe harbours and compliance.

 

Topics Covered

Block 1: Global Implementation Status

Block 2: Scope – Practical Challenges

Block 3: Safe Harbours in Practice

Block 4: Navigating Compliance

Learning Objectives

After this webinar, the participants will be able to: 

  • List the jurisdictions where Pillar Two is already in force
  • Identify the practical challenges for in-scope taxpayers
  • Appreciate the concrete relevance of safe harbours and transitional penalty relief
  • Navigate compliance and disclosure requirements

Instructors

To be decided

Francesco De Lillo (Facilitator)

Field of study

Taxes

Who should participate

The webinar is suitable for in-house tax managers and directors, lawyers, advisers, government officials and academics.

Course level and prerequisites

This is an intermediate-level webinar. Participants in this webinar are expected to have knowledge of the technical design of Pillar Two.

Interactive webinar – “Group Internet Based” (live webinar only)

During live webinars, it is possible to interact with the presenters via a chat message function. Please note that questions are answered based on relevance, order of receipt and available time. Additionally, participants in the live webinar are invited to answer poll questions. Participants will also have access to the on-demand version for a further 12 months from the live date.

Date of live broadcast:3 May 2024

On-demand webinar

On-demand webinars are intended for individual self-study only. Unlike live webinars, they are not open to interactive participation nor do they offer the assistance of a real-time instructor. Access to on-demand webinars is granted for a period of 12 months.

Continuing Professional Education

Many accrediting organizations will grant continuing professional education (CPE) credit(s) for an IBFD audio-visual broadcast. It is advisable, however, that you check with your accrediting body as to whether this applies only to live webinars or to on-demand webinars as well. International Bureau of Fiscal Documentation (IBFD) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. NASBA CPE credit – 1 (only applicable to live webinar).

Webinar registration details

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