A significant number of jurisdictions around the world are increasing legislative activity to incorporate the global minimum tax i.e., Base Erosion and Profit Shifting (BEPS) Pillar Two rules into domestic law, to be effective in 2024 or 2025. We are pleased to announce that EY will be holding the inaugural Singapore edition of the BEPS University.
This in-person course by EY Singapore will focus on the rules and practical application surrounding the Pillar Two Global Anti-Base Erosion (GloBE) rules. We will discuss the GloBE model rules, together with the principles of the transitional safe harbors and domestic minimum taxes.
This course will be led by senior-level tax professionals based in Singapore who have significant real-life engagement experience with large multinational enterprises. They will share insights and ideas that can help in-house tax and tax accounting teams get up to speed with the nuances of Pillar Two.
The two-day course is designed to be conducted in an interactive group classroom format, with structured syllabus to cover topical issues arising from real-life scenarios encountered during client work, as opposed to a chapter-by-chapter coverage. There will be pre-work required as a basic level of conceptual understanding is assumed for all participants (i.e., participants should have working knowledge of the components of the effective tax rate computation and tax collection rule ordering).
Day 1
Scope of the GloBE model rules, qualification for the transitional safe harbor, considerations around losses, Qualifying Domestic Minimum Top-up Tax (QDMTT) design and application, relevance of tax and non-tax incentives, and nuances of the substance-based income exclusion.
Day 2
Pillar Two considerations in the context of mergers and acquisitions (M&A) and restructuring transactions, implications of transfer pricing, impact and relevance of tax accounting concepts, tax controversy management, organisation of the tax function, and the use of technology.
Case studies will be used to illustrate discussion points.