Webinar recording
Deloitte held a webinar on Thursday, 2 February 2023, which provided insight on the latest updates from the OECD Pillar Two, their interaction with the new UAE Corporate Tax law, and the effects on Free Zone companies
On 20 December 2022, the OECD published an implementation package in respect of the implementation of the Pillar Two global minimum tax rules (Pillar Two). The package includes guidance on safe harbors; a public consultation document on the GloBE information return (information return); and a public consultation document on tax certainty.
This follows the statement on the components of global tax reform, agreed by more than 135 members of the OECD/G20 Inclusive Framework on BEPS (OECD inclusive framework) in October 2021, and the publication by the OECD inclusive framework of model rules for Pillar Two in December 2021 and commentary in March 2022.
In light of the above, we held a webinar on Thursday, 2 February 2023 where our tax experts discussed the following topics:
- Updates on the latest Pillar Two developments, including safe harbors
- Where businesses are in terms of their Pillar Two implementation journey
- How Deloitte is helping multinational companies, especially around safe harbor testing and data diagnostics
- Interaction with the new Corporate Tax law, especially impact on Free Zone companies
