Webinar recording
Deloitte held a webinar surrounding the OCED Pillar One and Pillar updates and their impacts on Middle East businesses with global operations.
The Inclusive Framework of the Organization for Economic Co-operation and Development (OECD) is expected to amend the rules for large Multinational Enterprises (MNEs). This is to determine how much of their income should be subject to tax in jurisdictions in which they sell their products, with a potential global implementation as early as 2023. As you may know, this effort received an extra boost ever since the new US Biden Administration showed their support for OECD’s consensus-based solution.
In addition, the OECD has recently released reports on Pillar One and Pillar Two Blueprints for the OECD G20 project on the taxation of the digital economy, related consultation documents and an impact assessment report.
Middle East businesses with global operations will be impacted by these developments. Deloitte held a webinar on Wednesday, 16 June 2021 to assist with the preparation process to ensure compliance. The topics discussed are listed below:
- Introduction/background
- Pillar One key update
- Pillar Two key update
- Economic analysis and impact assessment
- Next steps and timeline
