Pillar 2 safe harbour – The first step to implement a Pillar 2 solution in your group
The OECD released the transitional Safe harbour rules in December and has its starting point in the CbC reporting to calculate if a jurisdiction qualifies. However, the rules are complex, and thus, you need to put a process in place to understand how these rules affect your group. Therefore, understanding the magnitude and complexity of data collection for GloBE calculation purposes is crucial. There are a few things that are important to think about regarding the safe harbour calculation. · You need a system to control all entities, not only those included in the CbC