The global minimum tax rules under the OECD’s Pillar 2 framework are no longer a distant prospect, they are here and reshaping the tax landscape for multinational businesses. Watch Episode 1 of our video series for a clear, practical overview of the essentials.
Under Pillar 2, compliance is not just about meeting deadlines, it is about managing complexity. The Global Anti-Base Erosion (GloBE) rules require detailed calculations and extensive data collection across multiple jurisdictions. For many groups, this can feel overwhelming.
Dutch tax incentives such as the innovation box and participation exemption have long been tools for tax efficiency. Under Pillar 2, however, these incentives can create permanent differences that trigger additional tax liabilities.
Starting in 2024, a new law for a global minimum profit tax for internationally operating companies will apply in the Netherlands: the 2024 Minimum Tax Act (Pillar 2).
In this whitepaper, we will inform you about Pillar 2 and how to comply with the obligations flowing from Pillar 2.
On 15 December 2022, the OECD published the framework for the safe harbours and penalty relief under the proposed ‘Minimum Tax Act 2024’ (Pillar 2). The framework is an extension to the ‘Minimum Tax Act 2024’ (Pillar 2) which aims to ensure that multinational enterprises will be subject to a minimum tax rate starting from 1 January 2024. The safe harbours and penalty relief framework aims to lower the compliance burden for companies that operate in high-tax and low-risk jurisdictions.