On 8 October 2021 the OECD/G20 agreed on the final blueprint of the two pillar approach to international tax reform. It has now been endorsed by 136 (out of 140) countries and jurisdictions, constituting the vast majority of the OECD/G20 Inclusive Framework (IF) on Base Erosion and Profit Shifting. Each of the two pillars addresses a separate concern. Both Pillar One and Pillar Two are proposed to be implemented in 2023 (which may also require changes to the domestic laws of member countries) and a detailed implementation plan for the same has been agreed in the meetings held in October. Join our team of Deloitte specialists as they discuss these announcements and their potential implications focusing on the Asia Pacific region.

(Live presentation was aired on 11 November 2021)

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