Tax Alert - BEPS Pillar Two Compliance Readiness – A Proactive Approach

Tax Alert - BEPS Pillar Two Compliance Readiness – A Proactive Approach

On 6 June 2025, Hong Kong enacted legislation to implement Pillar Two of OECD’s BEPS 2.0 framework which imposes a global minimum effective tax rate of 15% for large multi-national enterprises (“MNEs”) for fiscal years beginning on or after 1 January 2025.

This tax alert outlines specific actions MNEs should take immediately to ensure Pillar Two compliance readiness.