Optimize compliance and reporting processes with our cutting-edge software solutions, purpose-built for OECD BEPS Pillar 2. Effortlessly streamline tax processes, mitigate compliance risks, and enhance your strategic decision-making capabilities. Save valuable time and resources, enabling you to focus on high-impact activities.
BEPS Pillar Two is the Organization for Economic Co-operation and Development’s (OECD) reform of the international tax system. The reform is designed to prevent tax erosion and profit shifting in large multinational enterprises (MNEs) by imposing a minimum effective tax rate of 15% in every operating jurisdiction — and a top-up tax when that minimum is unmet. MNEs must adapt longstanding workflow, technology, and data management processes to determine their tax obligations while meeting reporting requirements.
BEPS Pillar Two began regional roll outs as early as January 2024, but it will soon sweep the globe. It’s positioned to go live in upwards of 142 countries in the coming years, impacting 8000+ MNEs.
The reform carries with it much more than material impacts. Compliance with BEPS Pillar Two will significantly alter how MNEs manage global data, prepare financial statements, execute the financial close, calculate the effective tax rate, and conduct global consolidation.
Global Minimum Taxation 101
Exploring the ins, outs, and material impacts of BEPS Pillar Two
Read MoreWolters Kluwer expert solutions for BEPS Pillar Two enable you to streamline adoption with a tech-enabled approach to the OECD’s extensive model rules. We know that compliance with this global tax reform is a daunting task that falls squarely on the shoulders of tax and finance. Our solutions are designed to lift the burden of compliance by providing you with the technology and best practices to get you reporting — fast.
How Wolters Kluwer facilitates BEPS Pillar 2 compliance
Finance-tax alignment
Harmonize finance and tax on all levels — data, process, region — to create an end-to-end BEPS Pillar 2 process built to manage complexity and ensure consistency between the local close and group consolidation.
Global tax compliance and reporting
Simplify and streamline
global tax reporting and compliance requirements. CCH Integrator interconnects the tax provisioning, CbCR, and BEPS Pillar Two, including capability to file GIR and QDMTT returns. Built on a low-code, no-code platform, providing the ability to adapt quickly to evolving local regulations.
Trusted tax and accounting research
Whether you need to calculate tax liability, determine safe harbor eligibility, or track BEPS Pillar Two’s status in a country, we have the answers.
Research for tax law professionals
Develop your course of action based on tax law materials, content, and tools you can count on.
Future Outlook and Considerations
As BEPS Pillar Two rolls out worldwide and matures, the global tax landscape will continue to evolve. Today’s MNEs must set up the data, process, and technological foundation to adapt to an ever-changing regulatory environment and establish tax-finance strategies that will remain evergreen in the long term.
Stay informed about the future of tax with The Wolters Kluwer BEPS Pillar Two Readiness Index Report, our quarterly pulse check on the readiness of global tax jurisdictions subject to BEPS Pillar Two measures.
Stay informed about the future of tax with The Wolters Kluwer BEPS Pillar Two Readiness Index Report, our quarterly pulse check on the readiness of global tax jurisdictions subject to BEPS Pillar Two measures.
Related Insights
What are the minimum tax regulations for multinational corporations in the US?
The US has created its own anti-base erosion and profit-shifting directive for US-based multinationals, known as the Corporate Alternative Minimum Tax (CAMT). This guide will explore CAMT and how it compares to BEPS Pillar Two.