The Role of Technology in Global Minimum Tax Compliance

KnowledgeThe Role of Technology in Global Minimum Tax Compliance

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 processes, including the use of data analytics and automation. 

In an increasingly complex global tax landscape, multinational corporations (MNCs) are facing new challenges in complying with global minimum tax regulations. The recent OECD/G20 agreement on Pillar Two rules, which sets a minimum effective tax rate of 15% for MNCs with global revenue above €750 million, has further emphasized the need for robust compliance mechanisms.


In this article, we will explore how technology can play a crucial role in helping MNCs streamline their global minimum tax compliance processes, leveraging data analytics and automation.



Need help with GMT compliance?


Please get in touch to discuss how Transfer Pricing Solutions Asia can assist.


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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.


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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.


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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.


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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


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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.


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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.


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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.


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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.


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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.


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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.


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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.


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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.


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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.


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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.


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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. 


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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.


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20 Sep

Transfer Pricing for Intragroup Financing in Asia

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


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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.


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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.


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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.


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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.


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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.


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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.


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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


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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.


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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.


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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?


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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.


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26 Jun

Managing Transfer Pricing in Asia - 2nd Run - TAKX

Join us in this workshop as we delve into real-life case studies to share practical knowledge on managing transfer pricing in Singapore and the Asia Pacific region. 


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5 Jun

Chinese Series: Common Transfer Pricing Risks for Taxpayers in Asia

With the growing focus on transfer pricing in recent years, tax authorities across jurisdictions are continuing to ramp up focus on transfer pricing reviews. 近年来,由于各个司法管辖区对转让定价的关注提升,各个税务机关也正在加强对转让定价的审查。


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30 May

Navigating the Maze: Strategies for Resolving Transfer Pricing Disputes

The world of transfer pricing can be a complex and sometimes treacherous one, especially when disputes arise.


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23 May

Key Transfer Pricing Risks Across The Region

Join the team from Transfer Pricing Solutions Asia as they unravel the many TP developments in Malaysia, Indonesia and UAE and hone in on what the top key areas and considerations businesses must focus on in the respective jurisdictions. Join in this exhilarating session of substance and much more! 


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17 May

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
14 May

Transfer Pricing for Intragroup Financing in Asia - ACCA

Our expert trainer will share insights and experience on how to manage transfer pricing risks for intragroup financing in Asia.


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9 May

Chinese Series: Transfer Pricing Documentation Key Tips for Taxpayers

Join us for our webinar to gain valuable insights and strategies to ensure you comply with the latest transfer pricing regulations.
加入我们的网络研讨会,获取我们的见解和战略,确保贵组织的转让定价报告符合最新的转让定价法规。


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30 Apr

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
30 Apr

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
18 Apr

Chinese Series: 2024 Insights into Transfer Pricing Best Practices in Asia

Join our webinar to learn the key tips on how to take control of transfer pricing risks in 2024! Presented in Chinese by 由Bing Jing Yam和Hong Chuan Tan以中文呈现
以了解如何在2024年掌控转让定价风险的技巧!


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21 Mar

Insights into Transfer Pricing Best Practices in Asia for 2024

With increasing scrutiny, transfer pricing audits are becoming more common. Failure to comply with documentation requirements can lead to significant penalties.


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21 Mar

Insights Into Transfer Pricing Best Practice in Asia

Are you prepared for the transfer pricing trends in Asia in 2024? Do you know the key transfer pricing risks that can affect your business? Join our webinar to learn the key tips on how to take control of transfer pricing risks in 2024!


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21 Mar

Malaysian Institute of Tax Professionals


21 Mar

Singapore Chartered Tax Professionals


21 Mar

Adriana Calderon appointed to SCTP Transfer Pricing Roundtable Representative

We are thrilled to share that Adriana Calderon, Director of Transfer Pricing Solutions Asia, has been appointed by ISCA as a Transfer Pricing Roundtable Representative for SCTP.


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29 Feb

What is Malaysia approach for Transfer Pricing Surcharges?

The IRBM has recently issued a Frequently Asked Questions to address the questions taxpayers and tax professionals regarding the Transfer Pricing Surcharge.


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28 Feb

Singapore Budget 2024

The recently announced Singapore Budget 2024 tabled by Deputy Prime Minister and Finance Minister, Mr. Lawrence Wong on 16 February 2024.


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11 Jan

2024 IRAS Indicative Margins for Related Party Loan

The indicative margin recommended by IRAS are market interest rate to be adopted by Singapore taxpayers for related party loans not exceeding SGD15 million.
Generally, the IRAS publishes the indicative margins at the beginning of each calendar year.


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12 Dec '23

Tackling Transfer Pricing In Malaysia

Malaysia taxpayers will be required to include the date on which their contemporaneous TP documentation is completed from YA 2023.


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31 Oct '23

Year-end tips to be transfer pricing ready in Malaysia

Be prepared for potential transfer pricing audits by tax authorities. Ensure that your transfer pricing documentation is readily available, organized, and easily accessible.


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19 Oct '23

Year-End Transfer Pricing Tips for Malaysia Taxpayers

Are you a Malaysian taxpayer looking for end of the year transfer pricing tips? Join us for an hour-long session that will provide you with the information and advice you need to stay compliant.


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30 Sep '23

Latest trends on Managing Intragroup Loans in Malaysia

There is an increasing focus on transfer pricing documentation for intragroup loans in Malaysia. Tax authorities expect comprehensive documentation that demonstrates the arm's length.


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30 Sep '23

Key tips to be Transfer Pricing ready in Singapore

In Singapore Taxpayers are required to review and update your transfer pricing documentation annually to ensure its accuracy and relevance.


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30 Sep '23

Singapore Tax Season is here!

The submission of corporate tax returns dateline in Singapore is around the corner with most companies having to submit their tax return by 30 November 2023.


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21 Sep '23

Latest Trends on Intragroup Loans in Malaysia

This webinar is ideal for finance, tax and compliance professionals in Malaysia interested in learning more about transfer pricing rules and risk management strategies.


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14 Sep '23

Tax Season Series: Top Tips for being Transfer Pricing Ready in Singapore

Are you looking to stay ahead of the ever-changing transfer pricing landscape in Singapore?


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31 Aug '23

Transfer Pricing Methods Explained – The Transactional Net Margin Method

TNMM is a widely used transfer pricing method by tax authorities and multinational companies because it is considered to provide a more accurate outlook of the profitability.


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31 Aug '23

Transfer Pricing Methods Explained – The Profit Split Method

PSM is generally used when there is significant value contributed by each party to the transaction and should be resorted to when it has been difficult to determine an arm's length.


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30 Aug '23

Tackling Transfer Pricing in Singapore & Malaysia

Malaysia published its new transfer pricing (TP) rules in May and these are certainly creating a buzz on the ground, especially with many companies having related party transactions between both sides of the Causeway.  


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24 Aug '23

Profit Splits VS Traditional Methods

Join us for an interactive webinar to explore the differences between the traditional methods and the more modern profit split method. 


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31 Jul '23

Malaysia Intra-Group Services, is it only about the mark-up?

Intra-group service is one of the most common international related party transactions entered by Malaysian Taxpayers.


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27 Jul '23

Managing Intragroup Services in Malaysia

Are you looking to stay ahead of the curve in managing intra group services in Malaysia?


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26 Jul '23

Transfer Pricing Methods Explained – The Resale Price method

In this article we will explore the Resale Price Method (“RPM”) and see how this differs to the other traditional methods.


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