Practical Pillar 2 update for Japanese multinationals with European operations

With Pillar 2 rules now in force in many jurisdictions, Japanese multinational corporations are facing one of the largest changes to worldwide tax. Both the income inclusion rule (“IIR”) and local qualified domestic minimum top-up taxes (“QDMTT”) will result in complex new computations to calculate and report tax charges and effective tax rates. Cash tax, post-tax returns on capital and ultimately shareholder returns may potentially be impacted.

EY will hold a webinar which will set out some of the main challenges facing Japanese multinational corporations at both the ultimate parent and constituent entity level, as well as sharing best practice examples and explaining how we can help address these challenges.

Agenda:
We plan to cover the following topics:

1. Pillar 2 update – Update on the latest developments at an OECD, Japan and European level. Key European jurisdictions covered will include UK, Germany, Netherlands, Belgium, Luxembourg, Switzerland and Ireland.
2. Managing Japanese and pan-European obligations - Latest insights and practical experience of managing the data and technology challenges.
3. Real time monitoring of Pillar 2 implications – Understanding and managing the Pillar 2 impacts of transactions and reorganisations on a real time basis.
4. Tax accounting considerations and managing year end – Understanding the key tax accounting considerations and key steps to ensure readiness for year-end from a Pillar 2 perspective.

Speakers:

EY Japan

• Koichi Sekiya, Partner, Tax Policy Leader
• Maki Tayama, Associate Partner, Business Tax Services
• Rebecca McKavanagh, Senior Manager, UK Tax Desk
• Martijn Vonk, Senior Manager, Netherlands Tax Desk

EY APAC

• Matt Andrew, Partner, EY Asia-Pacific Tax Policy Leader

EY UK

• Jo Stobbs, Partner, UK-Japan Trade Route Leader

EY Germany

• Jeanine Dorling, Partner, European Japan Business Services Tax Leader
• Andreas Achteresch, Director, Business Tax Services

EY Netherlands

• Lars Vermeeren, Senior Manager, Global Compliance & Reporting

EY Eastern Europe

• Mateusz Plociennik, Senior Manager, Business Tax Services

Date：Tuesday 11 March 2025
Times：8:30 – 10:00 GMT / 9:30 – 11:00 CET / 17:30 – 19:00 JST
Location：Webinar
Cost：No charge
Language：English

We would be delighted if you can join us at the webinar.

Webcast / Webinar registration
* We only accept company email addresses for registration.
* This webcast/webinar is not intended for industry insiders or attendees from consulting firms, etc.
* Please note that the agenda and speakers may be subject to change.
* Troubleshooting resources relating to webcast/webinar attendance can be found here.

Contact
Ernst & Young Tax Co.　Brand, Marketing and Communications