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Pillar Two, part of the OECD/G20 Base Erosion and Profit Shifting (BEPS) framework, introduces a global minimum tax rate of 15% for MNCs with annual revenues exceeding €750 million. This initiative, endorsed by over 135 jurisdictions, aims to address tax competition and prevent profit shifting to low-tax jurisdictions. For the UAE, known for its business-friendly tax environment, Pillar Two signals a shift that could impact MNCs operating within its borders.
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