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乐鱼（Leyu）体育官网 publications
Nov 2024 | Update on Pillar 2 consultation outcome and implementation timeline in the Hong Kong SAR
Jul 2024 | The OECD’s transitional qualification mechanism for Pillar 2 legislation
Feb 2024 | The third tranche of Administrative Guidance on Pillar Two of BEPS 2.0
Jan 2024 | The Hong Kong SAR has launched a public consultation on BEPS 2.0 implementation
Oct 2023 | The Multilateral Convention on the Subject to Tax Rule is open for signature
Aug 2023 | The Subject to Tax Rule and its potential application in the Hong Kong SAR
Jul 2023 | Latest releases on Pillar One and Pillar Two of BEPS 2.0
Jul 2023 | Update on Pillar One and Pillar Two of BEPS 2.0
Feb 2023 | Administrative Guidance of Pillar Two under BEPS 2.0
Jan 2023 | Implementation package of Pillar Two under BEPS 2.0
With Hong Kong implementing Pillar 2 rules in 2025, why your group needs to act now?
With Hong Kong implementing Pillar 2 rules in 2025, why your group needs to act now?
Some overseas jurisdictions (e.g., Korea, United Kingdom, Ireland, etc) have already implemented Pillar 2 rules in 2024 and your local group entities may be impacted
With less than 6 months before the implementation, your group needs to understand the impact and establish an action plan as soon as possible
There are designated rules for special holding structures (e.g., minority shareholding, joint ventures, etc.) and your group’s Pillar 2 work may need to involve other stakeholders
The past planning (e.g., reduced tax rate, enhanced tax deduction) may no longer be tax efficient and would require a holistic review.
What should you do?
- Estimate the impact
- Be ready for compliance
- Manage stakeholders
- Comply with financial reporting requirements
- Look for planning opportunity
- Stay attentive to the developments
How can 乐鱼（Leyu）体育官网 help
- Offer market-leading technology
- Perform impact assessment
- Collaborate with our accounting experts
- Assist in implementing business plans
- Identify potential mitigating actions
- Provide timely technical updates
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Contact us
John Timpany
Head of Tax, Hong Kong SAR
乐鱼（Leyu）体育官网 China
Ivor Morris
BEPS 2.0 Project Leader
乐鱼（Leyu）体育官网 China
Stanley Ho
Tax Partner, Hong Kong SAR
乐鱼（Leyu）体育官网 China
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