Pillar Two Safe Harbors and Penalty Relief

Since multinational entities with revenue above €750 million will now be required to pay a minimum tax of at least 15% and report their Global Anti-Base Erosion (GloBE) effective tax rate (ETR) for the various jurisdictions in which they operate, the OECD has created two safe harbors and a system for penalty relief to help ease the compliance burden.

This OnPoint outlines the Pillar Two safe harbors and penalty relief provisions, specifically:

A temporary CbCR Safe Harbor
A permanent framework for a potential Simplified Calculations Safe Harbor
Temporary Penalty Relief

Download your complimentary copy now.

First Name* Last Name* Business Email * Company* Phone* Job Title* Organization Type* Country* State or Province* Zip/Postal Code*

By clicking download report, I agree to the privacy policy and to learn more about products and services from Bloomberg Industry Group.

Sending...