2024 Updates on Global Minimum Tax

Knowledge2024 Updates on Global Minimum Tax

2024 Updates on Global Minimum Tax (GMT).


As one of the most discussed topics, the Global Minimum Tax (“GMT”) is one of the largest tax reformations as part of the initiative under Pillar 2 of the Base Erosion Profit-Shifting (“BEPS”) 2.0 project. It subjects multinational companies, with an annual revenue of more than EUR 750 million in minimum 2 out of the past 4 fiscal years, a minimum tax rate of 15% regardless of their location.  

The Pillar 2 Model Rules, also known as Global Anti-Base Erosion (“GloBE”) Rules, were released by the OECD on 20 December 2021 to end the competition between countries to offer the lowest possible corporation tax rates to attract foreign investments by subjecting multinational groups around the world to a global minimum tax of 15%.


Need assistance with your Global Minimum Tax calculations?

Our goal is to offer a reliable alternative for transfer pricing needs, delivering proactive, practical, and cost-effective advisory services enhanced by cutting-edge technology. 


CONTACT US CONTACT US


19 Nov

2024 Updates on Global Minimum Tax

Global Minimum Tax (GMT) is one of the largest tax reformations as part of the initiative under Pillar 2 of the Base Erosion Profit-Shifting (BEPS) 2.0 project.


READ MORE READ MORE
8 Nov

Mastering Transfer Pricing in Asia - ISCA

Transfer pricing is a rapidly evolving area of taxation that demands attention from both tax authorities and business leaders.


READ MORE READ MORE
4 Nov

Understanding the Basics of Global Minimum Tax

This article will provide an overview of what global minimum tax is, why it's important, and how it impacts multinational corporations and the global economy.


READ MORE READ MORE
25 Oct

Staying Ahead on Transfer Pricing Trends and Developments - ISCA

In this half-day course, the participants will learn how the MNEs are impacted by the recent transfer pricing developments and the practical strategies


READ MORE READ MORE
25 Oct

Understanding the Basics of Global Minimum Tax

This article will provide an overview of what global minimum tax is, why it's important, and how it impacts multinational corporations and the global economy.


READ MORE READ MORE
25 Oct

The Evolution of Global Minimum Tax Policies: A Historical Perspective

This article will explore the history of global minimum tax policies, from their origins to the latest developments, including the recent OECD/G20 agreement.


READ MORE READ MORE
24 Oct

The Role of Technology in Global Minimum Tax Compliance

This article will discuss how technology can help multinational corporations streamline their global minimum tax compliance.


READ MORE READ MORE
23 Oct

The Implications of Global Minimum Tax on Multinational Corporations

This article will discuss how global minimum tax policies affect multinational corporations, including changes to their tax planning strategies and compliance requirements.


READ MORE READ MORE
22 Oct

Navigating the Legal and Regulatory Landscape of Global Minimum Tax

This article will provide an overview of the legal and regulatory considerations that multinational corporations need to be aware of when dealing with global minimum tax.


READ MORE READ MORE
21 Oct

The Evolution of Global Minimum Tax Policies: A Historical Perspective

This article will explore the history of global minimum tax policies, from their origins to the latest developments, including the recent OECD/G20 agreement.


READ MORE READ MORE
21 Oct

Key Considerations for Compliance with Global Minimum Tax

This article will provide practical advice for multinational corporations on how to navigate the complexities of global minimum tax compliance.


READ MORE READ MORE
19 Oct

Global Minimum Tax and the Future of International Taxation

This article will speculate on the future of international taxation in light of global minimum tax policies, including potential trends and challenges that may arise.


READ MORE READ MORE
18 Oct

Challenges and Opportunities for Developing Countries

This article will examine the challenges and opportunities that global minimum tax policies present for developing countries, including their potential impact on tax revenue and economic development.


READ MORE READ MORE
17 Oct

Global Minimum Tax & Impact on Transfer Pricing

Over the past months, the Global Minimum Tax (GMT) under the Organisation for Economic Co-operation and Development (OECD)’s Pillar Two tax framework has garnered substantial traction in the world of international taxation. With the substantial developments around the GMT, it remains important for multinational companies to be well aware and prepared for the implementation of GMT rules.


READ MORE READ MORE
17 Oct

Global Minimum Tax and Impact on Transfer Pricing

Over the past months, the Global Minimum Tax (GMT) under the Organisation for Economic Co-operation and Development (OECD)’s Pillar Two tax framework has garnered substantial traction in the world of international taxation. With the substantial developments around the GMT, it remains important for multinational companies to be well aware and prepared for the implementation of GMT rules.


READ MORE READ MORE
2 Oct

Sponsors at TP Minds Asia 2024

Transfer Pricing Solutions Asia are proud to be sponsoring the TP Minds Asia Conference, 2-3 October 2024 in Singapore.


READ MORE READ MORE
1 Oct

The Role of Technology in Global Minimum Tax Compliance

This article will discuss how technology can help multinational corporations streamline their global minimum tax compliance.


READ MORE READ MORE
27 Sep

Mastering TP Documentation and Benchmarking Analysis: Best Practices for Success - ISCA

This seminar is designed to share practical knowledge through real life case studies about key aspects of managing transfer pricing risks.


READ MORE READ MORE
24 Sep

ACCA Technical Symposium 2024

As part of ACCA Technical Symposium 2024, Adriana Calderon presents this session that will explore the intricacies of transfer pricing regulations in two key Southeast Asian countries. The session will discuss the compliance requirements in both jurisdictions, as well as best practices for multinational companies operating across borders. 


READ MORE READ MORE
23 Sep

The Implications of Global Minimum Tax on Multinational Corporations

This article will discuss how global minimum tax policies affect multinational corporations, including changes to their tax planning strategies and compliance requirements.


READ MORE READ MORE
20 Sep

Transfer Pricing for Intragroup Financing in Asia

Are your financing terms optimized and aligned with the economic reality of your transactions?


READ MORE READ MORE
19 Sep

Transfer Pricing for Intragroup Financing in Asia

We’ll discuss best practices for intragroup financing in the region, including regulatory and risk management issues and potential pitfalls.


READ MORE READ MORE
2 Sep

Key Considerations for Compliance with Global Minimum Tax

This article will provide practical advice for multinational corporations on how to navigate the complexities of global minimum tax compliance.


READ MORE READ MORE
26 Aug

Mastering Transfer Pricing in Asia - ISCA

Transfer pricing is a rapidly evolving area of taxation that demands attention from both tax authorities and business leaders.


READ MORE READ MORE
26 Aug

Navigating the Legal and Regulatory Landscape of Global Minimum Tax

This article will provide an overview of the legal and regulatory considerations that multinational corporations need to be aware of when dealing with global minimum tax.


READ MORE READ MORE
16 Aug

E Tax Guide 2024 - SCTP

The much-anticipated revised Transfer Pricing (TP) Guidance is out! The latest edition of the e-Tax guide has been published after three years, bringing a host of updates from revised thresholds to new sections. Join in this webinar to delve into the business implications of these changes in today’s rapidly evolving international tax landscape.


READ MORE READ MORE
9 Aug

Made Errors in Transfer Pricing? IRAS’ VDP Can Help

Inland Revenue Authority of Singapore (“IRAS”) offers a Voluntary Disclosure Programme (“VDP”) help taxpayers rectify these errors and minimize potential penalties.


READ MORE READ MORE
8 Aug

IRAS’ Voluntary Disclosure Programme: A Simplified Transfer Pricing Guide

We will cover how the disclosure works, the requirements for disclosures, associated penalties and how voluntary disclosure relates to transfer pricing.


READ MORE READ MORE
5 Aug

Global Minimum Tax and the Future of International Taxation

This article will speculate on the future of international taxation in light of global minimum tax policies, including potential trends and challenges that may arise.


READ MORE READ MORE
26 Jul

Transfer Pricing for Intragroup Services in Asia

Not all services are created equal. Identifying low-value and high-value services within your intra-group transactions is a fundamental distinction.


READ MORE READ MORE
25 Jul

Transfer Pricing for Intragroup Services in Asia

Our expert panel will discuss the latest trends in intra group services in the Asia region and offer advice on how to develop effective management strategies


READ MORE READ MORE
23 Jul

2024 Key Transfer Pricing Practices in Asia - ACCA

Obtain practical guidance to ensure your business stays compliant and competitive in the ever-evolving tax landscape of Asia.


READ MORE READ MORE
22 Jul

Challenges and Opportunities for Developing Countries

This article will examine the challenges and opportunities that global minimum tax policies present for developing countries, including their potential impact on tax revenue and economic development.


READ MORE READ MORE
17 Jul

Introduction to Transfer Pricing - 47th Run - TAKX

The Introduction to Transfer Pricing workshop is designed to arm participants with an understanding of transfer pricing as well as transfer pricing compliance in various Asia Pacific countries.


READ MORE READ MORE
11 Jul

Chinese Series: Key Tips to Manage the Operations Side of Transfer Pricing

Looking for a solution to streamline processes for more efficient transfer pricing management?
您正在寻找优化管理转让定价的流程?


READ MORE READ MORE
2 Jul

BEPS 2.0 - Pillar One - Amount B - is it really a simplified approach to Transfer Pricing?

On 19 February 2024, OECD published the final report on Pillar One -Amount B, is designed to simplify and streamline the application of the arm’s length principle.


READ MORE READ MORE