On 11 July 2022, the OECD released a progress report on Pillar 1. In this episode, we go through the key takeaways from this report for businesses. Towards the end of the episode, we also covered a brief update on the latest status of Pillar 2.
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- Accounting and Tax Compliance
- Base erosion and profit shifting (BEPS)
- Corporate income tax
- Customs & VAT
- International taxation
- Tax challenges arising from the digitalisation of the economy/Global anti-base erosion (GloBE)
- Tax controversy and dispute resolution (TCDR)
- Transfer pricing