Tax accounting and BEPS 2.0 Pillar Two: Is it business as usual for multinationals?

Discuss the implications of key technical issues and the strategic approaches to tax accounting in a post-GloBE landscape.

In June 2024, the Organisation for Economic Co-operation and Development (OECD) and G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) released a new administrative guidance on the Global Anti-Base Erosion (GloBE) rules under Pillar Two, which addresses several technical issues under the GloBE rules. With Pillar Two now in effect in several major economies, it's imperative for in-scope multinational enterprise (MNE) groups to understand and comply with these rules.

Our session will focus on the following key technical issues set out in the OECD’s June 2024 administrative guidance, and discuss the implications of these issues and the possible strategic approaches to tax accounting in a post-GloBE landscape:

• The nuances of the Deferred Tax Liability (DTL) recapture rule (i.e. rule that seeks to remove the influence of DTLs that have been included in the jurisdictional effective tax rate (ETR) computation when the associated deferred tax remains “unpaid” after a five-year period).
• The alignment (or lack thereof) between GloBE and accounting carrying values, and the associated deferred tax asset or DTLs determined therefrom that affects the jurisdictional ETR computation.

Join us for this event, designed for senior tax and finance professionals, where we will dive into these key technical issues. This is a great opportunity to engage in meaningful discussions, exchange knowledge and expand your professional network with your industry peers.

As there are limited seats, you are strongly encouraged to register early. Successful registrations would be sent confirmations.

Event agenda

• Mastering compliance with the DTL recapture rule
• Managing the gap: GloBE vs. accounting carrying values
• Strategic tax accounting and Pillar Two compliance in the post-GloBE era

Speakers

• Chester Wee, EY Asean International Tax and Transaction Services Leader
• Wai Fook Chai, EY Asean Government & Public Sector Tax Leader and Partner, Ernst & Young Solutions LLP
• Ying Quan Teo, Partner, International Tax and Transaction Services, Ernst & Young Solutions LLP
• Agnes Fok, Partner, Tax Technology Transformation, Ernst & Young Solutions LLP 

Registration has closed for this event. For enquiries, please contact the organizer.

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