GLOBAL MINIMUM TAX ASSESSMENT
The Global Minimum Tax (GMT) rules introduce a new framework requiring multinational groups to maintain a minimum effective tax rate of 15% on a jurisdictional basis. Understanding your Group’s Pillar Two position in advance helps prevent unexpected Top-up Tax liabilities and ensures timely compliance with new reporting obligations. A proper assessment also helps identify potential risks and areas requiring preparation before the first filing deadlines. PreciousNine helps you assess your Group’s exposure under the Pillar Two framework through a structured Global Minimum Tax assessment. We analyze your financial and tax data to determine jurisdictional Effective Tax Rates (ETR), identify potential Top-up Tax exposure, and evaluate the applicability of safe harbour provisions and charging mechanisms.
Our assessment also helps you understand your compliance obligations, including registration requirements, GloBE Information Return (GIR) filings, and Domestic Minimum Top-up Tax obligations. In addition, we assist in identifying data gaps and preparing the information required for future Pillar Two reporting.
Our services include:
- Pillar Two applicability and scoping assessment
- Jurisdictional Effective Tax Rate (ETR) computation
- Net GloBE Income and Adjusted Covered Taxes calculation
- Top-up Tax and SBIE calculations
- Safe harbour and transitional rules assessment
- Pillar Two compliance and reporting support