Pillar 1 Updates

• July 21, 2022
  • OECD releases Progress Report on Amount A of Pillar One of BEPS 2.0 project and invites public comment
  • The Organisation for Economic Co-operation and Development (OECD) Secretariat released a Progress Report on Amount A of Pillar One, a consultation document that covers many of the building blocks with respect to the new taxing right under Amount A and is presented in the form of domestic model rules. The OECD also released a Cover Note providing a revised schedule for the work on Amount A, a Frequently Asked Questions document on Amount A and a Fact Sheet providing an overview of the structure of the Amount A rules. The Inclusive Framework is seeking written comments from stakeholders on the overall design of the Amount A rules by 19 August 2022; EY will submit comments.
  • See EY Global Tax Alerts, OECD releases Progress Report on Amount A of Pillar One of BEPS 2.0 project and invites public comment, dated 11 July 2022 and OECD releases Progress Report on Amount A of Pillar One of BEPS 2.0 project: A detailed overview, dated 15 July 2022.
• July 21, 2022: Tax challenges of digitalisation: OECD invites public input on the Progress Report on Amount A of Pillar One
• August 2, 2022: OECD Holding Public Consultation Meeting on Amount A of Pillar One (Orbitax) 
• August 3, 2022: Digital Services Tax (DST) comeback? Pillar 1 update (vatcalc)
• August 10, 2022: Amount B—the forgotten piece of the Pillar One jigsaw (KPMG)
• August 12, 2022: An Article 9 Analysis of the OECD’s Pillar One Amount B (Bloombergtax)
• August 25, 2022: OECD publishes public comments on progress report on “Amount A” of Pillar One (Deloitte)
• Sept 12, 2022: Tax challenges of digitalisation: Public consultation meeting on Amount A of Pillar One

 

 

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