![]() Implementation of BEPS 2.0 Pillar Two in the EU (January 2023) – watch replay How to address the BEPS 2.0 Pillar Two data and technology challenge with SAP (March 2023) – watch replayīEPS 2.0: New Administrative Guidance and implementation activity on Pillar Two (February 2023) – watch replay These disclosures aim to enhance the understanding of financial statement users regarding an entity's exposure to Pillar Two income taxes stemming from the legislation, particularly prior to its effective date. These amendments introduce significant changes to the standard, including (i) a mandatory temporary exception to the accounting for deferred taxes resulting from the implementation of the Pillar Two model rules at a jurisdictional level and (ii) disclosure requirements for affected entities. On, the IASB issued the Amendments to IAS 12, titled 'International Tax Reform–Pillar Two Model Rules'. If you are unable to join, please register to receive a replay that you can watch at your convenience. You will be invited to ask questions throughout the webcast, which our panelists will endeavor to answer as they come in. The anticipated approach from the Financial Accounting Standards Board (FASB)Ī risk-based approach for financial institutions to meet their initial milestones by 1 January 2024, focusing on data, process and technology selection ![]() Recent amendments made by the International Accounting Standards Board (IASB) to IAS 12, titled "International Tax Reform–Pillar Two Model Rules" Significant developments are also underway in countries such as the UK, Japan and South Korea to name a few.ĭuring the 75-minute webcast, our panel of EY tax professionals will discuss: In the EU, member states are actively working on transposing the bloc's Minimum Tax Directive into domestic legislation by the end of 2023. We invite you to join our EY Financial Services tax webcast, BEPS 2.0 Pillar 2: Countdown to disclosure, on Tuesday, 11 July 2023 at 13:30–14:45 BST / 14:30–15:45 CEST to get the latest developments on the new global minimum tax rules and their implications for jurisdictions worldwide. There are just over six months to go before Pillar 2 of the OECD’s BEPS 2.0 directive goes live. Tuesday, 11 July 2023 | BEPS 2.0 Pillar 2: Countdown to disclosure (1:30 pm BST)
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