Sustainable Business Growth B.V. ’s Post

OECD - OCDE - Presumptive tax regimes aim at encouraging tax compliance and business formalisation by reducing compliance costs & levying lower tax rates compared to the standard tax system. Discover strengths & challenges of their design in our latest Working Paper➡️oe.cd/il/WP69

Download our 2025 Greenbook report for a breakdown of the Biden administration's revenue proposals to increase rates for high-earners and corporations, align international tax rules with OECD Tax's Pillar Two, and more: https://lnkd.in/eGv72qg6  

It's important to understand the global tax trends for implementing effective tax strategies to reduce overall tax costs for your organisation. The OECD’s latest Corporate Tax Statistics reveal some interesting global trends: 📊 Stable CIT Rates: Average statutory corporate income tax (CIT) rates have remained steady at 21.1% over the past three years, following a decline from 28% in 2000. 🌍 Global Minimum Tax: The upcoming Global Minimum Tax, agreed upon by over 140 jurisdictions, is set to reduce competitive pressures on CIT rates, with more than 35 jurisdictions implementing a 15% minimum corporate effective tax rate from 2024. 💡 Tax Incentives for Intangible Assets, particularly through IP regimes, have stabilised. Check out the full OECD Corporate Tax Statistics report here for more insights. #TaxStrategy #InternationalTax #CorporateTax #OECD #DuncanDuncan & Toplis #KrestonKreston Global Mark Taylor - Tax Advice

Pillar 2 Advance Tax Payments Are Live! Starting September 2, 2024, MNO groups and large domestic groups can initiate advance payments for top-up taxes under Pillar 2. Ensure you have your Pillar 2 group number following the mandatory notification (P2-CBE-NOT form). As mentioned before, in the Pillar 2 law, Belgium opted to apply the tax prepayment schedule applicable for corporate income tax to Pillar 2 top-up taxes under the (Qualified) Domestic Minimum Top-up Tax ((Q)DMTT) and Income Inclusion Rule (IIR). In the event that no advance tax payments would be made, a surcharge of 9% of the top-up taxes will be due Stay compliant and get ahead on your tax obligations! For detailed insights, reach out to your PwC contact. Find out more: https://lnkd.in/eyDYRWZy #Pillar2 #TaxUpdate #BelgiumTax #CorporateTax #Finance #TaxCompliance #MNE

Pillar 2 - During our recent tax department meeting, there was extensive deliberation regarding adjustments to Deferred Taxes under the 'Covered Taxes' framework. Among the topics discussed, one eliciting significant debate was the sequencing of adjustments as outlined in the OECD guidelines. Of particular interest was the adjustment stated as follows: "The deferred tax expense recast at the Minimum Rate when the applicable tax rate is above the Minimum Rate." It was debated whether this adjustment obviates the necessity for accounting for the impact of rate changes. Furthermore, concerns were raised regarding the potential for double counting resulting from its application. Ying Yi Than Shérida Baum-Sillé - Any thoughts? #Pillar2 #TaxAccounting #DeferredTaxes #OECD

Pillar 2 Advance Tax Payments Are Live! Starting September 2, 2024, MNO groups and large domestic groups can initiate advance payments for top-up taxes under Pillar 2. Ensure you have your Pillar 2 group number following the mandatory notification (P2-CBE-NOT form). As mentioned before, in the Pillar 2 law, Belgium opted to apply the tax prepayment schedule applicable for corporate income tax to Pillar 2 top-up taxes under the (Qualified) Domestic Minimum Top-up Tax ((Q)DMTT) and Income Inclusion Rule (IIR). In the event that no advance tax payments would be made, a surcharge of 9% of the top-up taxes will be due Stay compliant and get ahead on your tax obligations! For detailed insights, reach out to your PwC contact. Find out more: https://lnkd.in/etSvHwWE #Pillar2 #TaxUpdate #BelgiumTax #CorporateTax #Finance #TaxCompliance #MNE

Pillar 2 Advance Tax Payments Are Live! Starting September 2, 2024, MNO groups and large domestic groups can initiate advance payments for top-up taxes under Pillar 2. Ensure you have your Pillar 2 group number following the mandatory notification (P2-CBE-NOT form). As mentioned before, in the Pillar 2 law, Belgium opted to apply the tax prepayment schedule applicable for corporate income tax to Pillar 2 top-up taxes under the (Qualified) Domestic Minimum Top-up Tax ((Q)DMTT) and Income Inclusion Rule (IIR). In the event that no advance tax payments would be made, a surcharge of 9% of the top-up taxes will be due Stay compliant and get ahead on your tax obligations! For detailed insights, reach out to your PwC contact. Find out more: https://lnkd.in/eywzpxP2 #Pillar2 #TaxUpdate #BelgiumTax #CorporateTax #Finance #TaxCompliance #MNE

The Australian Parliament's introduction of the global minimum tax bill is a major milestone as BEPS Pillar Two comes into play. This crucial step brings MNEs closer to navigating the changing global tax landscape and planning compliance strategies. Stay updated on the latest announcements and future impacts by reading more below! https://lnkd.in/g4usa_CB

Pillar 2 Advance Tax Payments Are Live! Starting September 2, 2024, MNO groups and large domestic groups can initiate advance payments for top-up taxes under Pillar 2. Ensure you have your Pillar 2 group number following the mandatory notification (P2-CBE-NOT form). As mentioned before, in the Pillar 2 law, Belgium opted to apply the tax prepayment schedule applicable for corporate income tax to Pillar 2 top-up taxes under the (Qualified) Domestic Minimum Top-up Tax ((Q)DMTT) and Income Inclusion Rule (IIR). In the event that no advance tax payments would be made, a surcharge of 9% of the top-up taxes will be due Stay compliant and get ahead on your tax obligations! For detailed insights, reach out to your PwC contact. Find out more: https://lnkd.in/e76RMfDN #Pillar2 #TaxUpdate #BelgiumTax #CorporateTax #Finance #TaxCompliance #MNE

Our new Tax Matters Digest is out now, featuring: - What did the main parties say on tax policy during conference season? - OECD publishes model agreement for countries to implement ‘Amount B’ of BEPS 2.0 - International tax review for September 2024 Read the latest analysis here: https://lnkd.in/e39tGH9M #taxmattersdigest #taxupdates #taxnews