Guernsey enacts Pillar Two rules – PwC – EUROP INFO

Guernsey enacts Pillar Two rules – PwC – EUROP INFO

Guernsey has officially enacted Pillar Two rules, aligning its tax framework with global standards aimed at curbing tax avoidance. The move, backed by PwC, is expected to enhance the island's competitiveness while ensuring fairness in international taxation.

UAE FAQs on Pillar Two | ATOZ Tax Advisers Luxembourg

UAE FAQs on Pillar Two The Ministry of Finance of the United Arab Emirates (“UAE”) recently released a Frequently Asked Questions (the “FAQs”) that provide clarifications on the Cabinet Decision No. 142 of 2024 on the imposition of Top-Up Tax on Multinational Enterprises to implement a Domestic Minimum Top-up Tax in the UAE. The Cabinet Decision implements Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, as amen…

Global Minimum Corporate Tax: Impact on 2024 Financial Statements

The Global Minimum Corporate Income Tax Act, in force since 31 December 2023, mandates a 15% minimum tax for large multinational and domestic groups with revenues over €750 million.