Pillar Two – How to Expect the Unexpected Come June 2026


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Date:
20 May 2026, Wednesday

Time:
10.00 - 11.00AM
Venue:
Webinar

Details/ Promotion:
Please click here for more details and to register.
Contact:
Please refer to organiser’s webpage here.
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Programme Synopsis

For most in-scope Multinational Enterprise (MNE) Groups, 30 June 2026 is the first filing due date for the FY2024 Pillar Two returns, including the GloBE Information Return (GIR). While the centralised filing approach allows the GIR to be filed in one jurisdiction through the Ultimate Parent Entity or a Designated Filing Entity, execution can be complicated by local requirements and administrative hurdles.

With the deadline approaching, what is your FY2024 GIR filing strategy and contingency plan if filing formats, language requirements or exchange relationships differ by jurisdiction?

From May 2026, IRAS will release the online Pillar Two registration form. Which fields require closer analysis, and how should post-submission updates be managed?

For US-parented groups, first-half FY2026 reporting is approaching. The Side-by-Side (SbS) Safe Harbour has not yet been incorporated into the Multinational Enterprise (Minimum Tax) Act 2024. What is the expected timeline for enactment, and what should groups consider for financial reporting?

Join KPMG's upcoming webinar for practical insights on these developments and what they mean for your next steps.

Programme Outline

A Highlight of Key Areas:
  • PFY2024 GIR filing strategy: Practical issues in centralised filing, including submission formats, language requirements and exchange relationship status.
  • GIR accuracy and penalties: Common risk areas, including taxing rights and elections (for example, the Qualified Domestic Minimum Top-up Tax Safe Harbour election).
  • Singapore Pillar Two registration: What to look out for as IRAS opens the Pillar Two registration form, including any updates from December 2025’s draft form, fields typically requiring additional analysis, and managing updates after submission.
  • US-parented groups: Expected timeline for SbS Safe Harbour enactment in Singapore and the related financial reporting considerations.
  • Upcoming administrative guidance: Preview topics under development by the Inclusive Framework, including the Routine Profits Safe Harbour, de minimis simplification, selected industry issues and simplification for investment entities.




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