Highlights: A new global tax rule (UTPR) starts in 2025 to ensure large multinational enterprises pay at least a 15% effective tax rate worldwide, even if the main rule doesn’t apply. Compliance will become more complex, as each country may implement the rule differently, requiring companies to monitor and adjust for tax rules in […] … Read More

Highlights:  Pillar Two introduces unprecedented complexity, requiring sophisticated technology software. Orbitax Global Minimum Tax (Orbitax GMT) automates data collection and validation, reducing manual entry errors while ensuring regulatory compliance. Early technology adoption, staff training, and continuous monitoring of regulatory changes are essential for successful Pillar Two implementation. The global tax landscape is undergoing a significant […] … Read More

The emerging tax landscape for global corporate tax professionals is fraught with uncertainty and change. Political alliances around the world are shifting. International tax laws are in constant flux, and countries around the world are implementing various versions of the European Union’s (EU) BEPS 2.0 and Pillar Two rules, as well as the Global Minimum […] … Read More

In an era where corporate sustainability is not merely a buzzword but a business imperative, new reporting directives from the European Union (EU) pose significant challenges for companies aiming to maintain robust Environmental, Social, and Governance (ESG) compliance. The EU’s Corporate Sustainability Reporting Directive (CSRD) promotes transparency and accountability in the corporate world, but its […] … Read More

Whether it’s regulatory requirements, such as DAC7, GMT, BEPS 2.0 Pillar, or the ongoing tax industry talent shortage, tax departments are under stress like never before. The proper utilisation and deployment of technological solutions alongside valued tax professionals is how successful tax departments deliver valued analysis, insights, and guidance for their organisations. Yet, technological maturity […] … Read More

In 2024, the new Global Minimum Tax (GMT) regime comes into force under the OECD’s base erosion and profit-shifting (BEPS) reforms. Designed to prevent the practice of moving profits to lower tax jurisdictions, under the new “Pillar Two” rules, companies whose revenues exceed €750m will have to pay a minimum tax rate of 15% in […] … Read More