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Delays in legislation and implementation of OECD Pillar 2 may encourage some businesses to put preparations for this tax shake-up on the backburner. But the heightened uncertainty created by these delays makes adapting now even more important than before. Pillar 2 can be a catalyst for change if it is built into transformation plans from the outset. Those with the confidence, agility and knowhow to build the operational and business model changes required by Pillar 2 into the wider strategy of their business will increase resilience and minimise disruption when the inevitable does happen. In short, acting today will make tomorrow easier and increase competitive advantage.

Jessica Patel, Tax Partner at Grant Thornton UK speaks with tax partners and directors across the network to share their insights on the real estate market and some of the challenges.

The EU Mandatory Disclosure Directive (DAC6) requires taxpayers, advisors and intermediaries to release details of “potentially aggressive” cross-border tax planning arrangements. A number of non-EU jurisdictions could eventually bring in comparable reporting requirements in line with the BEPS accords.

Grant Thornton experts outlined the latest developments in indirect taxation, their implications and how to stay on top of compliance without putting impossible strains on your business.

We explore the political reaction to the rules, current views on implementation timelines, some complexities we see in applying these rules practically, and what businesses can do now to get ready for the introduction of Pillar 2.

The world of indirect tax regime is fast changing with countries adopting new and more sophisticated measures and increasing use of technology to track business transactions.

The special tax regime is applicable to employment income, self-employment income and personal business income produced in Italy

VAT and GST are growing in complexity and application, as the traditional goods and services model is replaced with digital content; virtual consumption and seamless international trade flows.

The OECD released the highly anticipated Pillar Two Model rules to provide a framework for implementing a 15% minimum tax referred to as the Global anti-Base Erosion or GloBE tax.

An overview of the indirect tax rules in Denmark

An overview of the indirect tax rules in Spain.

An overview of the indirect tax rules in Canada

An overview of the indirect tax rules in El Salvador

An overview of the indirect tax rules in Malta

An overview of the indirect tax rules in Poland

An overview of the indirect tax rules in Austria