CABC-EY Webinar: Manoeuvring Base Erosion and Profit Shifting (BEPS) 2.0 Pillar 2

CABC-EY Webinar: Manoeuvring Base Erosion and Profit Shifting (BEPS) 2.0 Pillar 2 global minimum tax and its implications for North American multinational corporations operating in Singapore

BEPS 2.0 rules dramatically change the international tax landscape, potentially bringing reporting and compliance challenges to every industry.

In its Budget 2023, Canada confirmed its intention to introduce legislation for the implementation of the Global Minimum Tax which aims to ensure that from 2024 onwards, a top-up tax in accordance with the rules agreed to at an international level will be introduced. Similarly, Singapore announced in its Budget 2023 that it will implement the GloBE rules and Domestic Top-up Tax of 15% Tax of 15% for companies with financial years beginning on and after 1 January 2025. All North American multinational corporations in Singapore that are planning to apply for tax incentives or those with existing tax incentives should consider strategies and formulate options for their incentive package.

The webinar aims to address the following crucial focus items with respect to the above:

• What are the five key takeaways for subsidiaries in Singapore in getting ready for Pillar 2?
• What are the key implications for multinational corporations operating in Singapore?
• How will the landscape of tax incentives in Singapore be affected?

We are excited to invite you to an exclusive session focusing on the actions that North American multinational corporations need to take to be Pillar 2 ready. Together with the Singapore Economic Board (EDB), Ernst & Young Singapore and the Canada-ASEAN Business Council will provide valuable insights to help you navigate the complexities of BEPS 2.0 Pillar 2, especially with EDB policy insights into Singapore’s continued value proposition for Canadian and US investments.

Panel discussion by EY and EDB Singapore

🔹 Jillian Lim, Executive Vice President, Singapore Economic Development Board

🔹 Jonathan Bélec, Partner, International Tax and Transaction Services — Transfer Pricing, Ernst & Young Solutions LLP

🔹 Ying Quan Teo, Partner, International Tax and Transaction Services, Ernst & Young Solutions LLP

🔹 Luis Coronado, EY Global Tax Controversy Leader; Partner, International Tax and Transaction Services — Transfer Pricing, Ernst & Young Solutions LLP

Learn more about our speakers HERE.