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Updates on Global Minimum Tax - A Middle East perspective
Monday, 17 January 2022 1:00 PM GST
Marketing team discussing the plan of business promotion

Past Event

Virtual - Recorded Webinar

Event language: English

17 Jan. 2022

Monday, 01:00 pm GST | 1 Hr.

Updates on Global Minimum Tax - A Middle East perspective

Webinar recording

The Organization for Economic Co-operation and Development (OECD) Two pillar solution will have a high impact on the Gulf Cooperation Council (GCC) and result in significant tax policy changes and reforms across the region. Under Pillar 2/Global Minimum Tax (GMT) low taxed profits of multinational enterprises (MNEs) are subject to a minimum tax of 15%. To enforce the GMT, the OECD/G20 Inclusive Framework on BEPS (IF) has proposed a set of rules which have been agreed by 137 countries, including the United Arab Emirates (UAE), the Kingdom of Saudi Arabia (KSA), Qatar, Bahrain, and Oman.