The Role of Technology in Global Minimum Tax Compliance
Knowledge • The Role of Technology in Global Minimum Tax Compliance
Knowledge • The Role of Technology in Global Minimum Tax Compliance
This article will discuss how technology can help multinational corporations streamline their global minimum tax compliance processes,
including the use of data analytics and automation.
In an increasingly complex global tax landscape, multinational corporations (MNCs) are facing new challenges in complying with global
minimum tax regulations. The recent OECD/G20 agreement on Pillar Two rules, which sets a minimum effective tax rate of 15% for MNCs with
global revenue above €750 million, has further emphasized the need for robust compliance mechanisms.
In this article, we will explore how technology can play a crucial role in helping MNCs streamline their global minimum tax compliance
processes, leveraging data analytics and automation.
Please get in touch to discuss how Transfer Pricing Solutions Asia can assist.
The ATO has tightened CbC reporting rules for MNEs, effective January 1, 2025, significantly increasing compliance costs and obligations. Key changes include the elimination of most self-assessed exemptions, requiring formal requests with detailed evidence, and reduced administrative relief for local file reporting.
Global Minimum Tax (GMT) is one of the largest tax reformations as part of the initiative under Pillar 2 of the Base Erosion Profit-Shifting (BEPS) 2.0 project.