Webinar: Pillar Two is Here: What You Need to Know

Pillar Two has arrived. On December 12, 2022, The EU Council announced that the EU members have reached an agreement to implement Pillar Two in 2024. On December 23, 2022, South Korea’s budget bill included Pillar Two legislation that has been approved by the Parliament, also to be implemented in 2024 – the first country to do so. Other countries will follow suit.

Now, US and foreign Multinationals are required to review their worldwide tax footprint to determine the applicability of Pillar Two. In this live webinar, GTM’s Raymond Wynman and Ross McKinney help Multinationals prepare for the 2024 tax year by:

• Providing an overview of Pillar Two
• Discussing the implications to Multinationals, including the consequences of the South Korean budget implementations
• Reviewing the new Safe Harbours rules that are included in the Inclusive Framework on BEPS from the OECD
• Discussing other items of relevance, including GILTI tax allocations included in the OECD Administrative Guidance
• Sharing practical next steps for Multinationals to prepare for Pillar Two

Earn one CPE for attending the live event.