In March 2023, BEPS 2.0, including its Pillar Two, was enacted as part of the tax reform bill in the Japanese National Diet. We imagine that many large corporations have already commenced their tax compliance efforts in response to this. However, it is also necessary to consider the resulting impact of these tax measures on the accounting and disclosure for income taxes.
Our Technical Advisor, Tetsuzo Hamajima, has published an article titled, “Latest Trends in IFRS (Part 2) Regarding the Pillar Two Model Rules.“
We invite you to read the article.
For those seeking support from tax professionals, or if you have any uncertainties or questions, please feel free to contact us using the inquiry form below.
