US state income tax digest April 2025
The US state income tax digest highlights significant income and business tax legislation, regulatory adoptions, judicial decisions, and administrative guidance.
Upcoming Pillar Two registration and notification deadlines
January 2025
In brief
What happened?
For Pillar Two global minimum tax purposes, the OECD allows local filing requirements and local compliance dates, i.e., to be agreed by each country. Several Pillar Two registration and notification requirement deadlines for the 2024 fiscal year already have passed, with other deadlines in Q1 2025.
Why is it relevant?
In order to complete Pillar Two registrations and notifications, companies must compile and provide a significant amount of information, including financial data. Taxpayers also should be aware of any penalties for late registration or for providing incorrect or incomplete information.
Actions to consider
Taxpayers should begin preparing the necessary documentation for relevant countries to ensure they are ready for varying registration and notification deadlines. For missed deadlines, companies should consider remediation options.
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Financial Services State and Local Tax Newsletter Vol 35
This quarterly newsletter provides updates on recent state tax developments possibly affecting the asset management industry.
Indirect Tax Digest
The US Indirect Tax Digest highlights significant sales and use tax legislative enactments, regulatory adoptions, judicial decisions, and administrative guidance.
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