Interested in attending? Have a suggestion about running this course near you?
Register your interest now
Description
This is the PM session of our ONE-DAY workshop.
BEPS 2.0, comprising Pillars One and Two, is a force of nature. With finalisation of key components of the two-pillar solution after consultation and agreement with the Inclusive Framework (IF), the OECD will shortly publish final technical rules and Multilateral Conventions to guide the Pillars’ implementation. All eyes are on the country implementations of the rules.
Pillar One’s finalization is still subject to important agreements among IF countries. Therefore, this training will primarily focus on Pillar Two.
For most practitioners, Pillar Two is complex – especially:
- The scope, rule application and country GloBE rules implementation (noting differences in rules and effective dates apply in jurisdictions);
- The data and calculation requirements for taxpayers in respect of their in-scope jurisdictions – in addition to filing obligations; and
- Importantly, what taxpayers need to do now to be properly prepare for the execution of the Pillar Two rules in their jurisdictions.
In this training, we ask: what is the impact of Pillar Two for most taxpayers in key Asia-pacific countries and how must taxpayers properly prepare? While questions still apply as to how countries will implement the GloBE rules, the training will feature calculations to illustrate the determination of ETR and Top-up tax – as well as deciding where Top-up tax is collected.
This unique workshop format offers you the choice to attend either the AM, PM or one-day session.
AM Session: Latest Update: Transfer Pricing Compliance Rules A PRACTICAL Guide using Financial Illustrations click HERE
One-day Session: Latest Update: Transfer Pricing Compliance Rules & BEPS 2.0, A Focus on Pillar 2 – A PRACTICAL Guide using Financial Illustrations click HERE
By attending the one-day session, you get to enjoy greater savings and buffet lunch. Register NOW!
Programme Outline
With reference to certain Asia country implementation and using practical examples, we will cover the following:
- Pillar One Overview:
- High-level overview of the current rules and status
- Pillar Two Overview and Implementation (primary focus):
- Underlying Pillar Two structure;
- GloBE model rules and rule ordering – featuring calculations at each step to determine jurisdictional ETR and Top-up Tax*;
- Asia country implementation and expected impacts (practical implementation and challenges); and
- How best to prepare now
- Expected Next Steps
* We will aim to feature a number of jurisdictions in the practical examples, but may be limited by the extent of GloBE rule implementation by jurisdictions at the scheduled date of this course.
Q&A
What you will learn
- Gain an update on the current progress of Pillar One implementation – and expected next steps
- Gain an understanding of the Pillar Two (GloBE) Rules, their application and key country implementations
- Understand the impact of the Pillar Two implementation on taxpayers in S/E Asia countries (through a review of examples)
- Taxpayers will learn what to do now to prepare for the execution of the BEPS 2.0 rules in their jurisdictions
Target Audience
- Business owners
- In-house tax professionals
- Finance professionals
- Middle management and above
Expert Speaker
Christine Schwarzl
Christine is specialised in providing Transfer Pricing advisory covering the Asia region, for over 10 years, from planning to transfer pricing defence support. Christine’s has worked with ‘big four’ firms and she has provided transfer pricing advisory to companies across a wide range of industries. She has a Masters in Tax from Sydney University, and advanced tax Diplomas from CIOT (UK) and Singapore Tax Academy. She has authored various papers and regularly provides transfer pricing training and presentations to tax and transfer pricing practitioners in Asia.