With the effective start date for BEPS pillar two now upon us, multinational enterprises must expedite their preparation efforts. Given the significant challenges ahead, proactive planning, strategic investments in technology, and enhanced global collaboration are essential for compliance.
In this webinar, Wolters Kluwer’s tax and accounting experts will share key findings from the BEPS Pillar Two Readiness Index Report for Q2 2024, insights from their engagements with tax practitioners, and address common pitfalls and misconceptions related to preparation timelines and tax technology implementation.
Key findings:
Adapting to changing legislation and local requirements – 93% of respondents identified this as the primary challenge for global collaboration;
Confidence in tax technology – confidence in current tax technology and data systems has sharply declined, with no respondents feeling very confident and only 5% confident in their ability to handle BEPS pillar two reporting requirements, down from 5% and 29%, respectively; and
Opportunities in BEPS pillar two tax planning – respondents recognise opportunities and benefits across all areas almost equally – process, data, technology, improvement, and risk management.
Don't miss this opportunity to gain valuable insights and practical advice on navigating the complexities of BEPS pillar two preparation.
