Pillar Two disclosures in annual reports of European listed companies

Pieter Dekker () and Marcel Kriek ()
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Pieter Dekker: EY, Amsterdam, Netherlands
Marcel Kriek: PwC, Rotterdam, Netherlands

Maandblad Voor Accountancy en Bedrijfseconomie Articles, 2024, vol. 98, issue 6, 353-364

Abstract: This survey examines the impact of the Pillar Two income tax legislation as detailed in the 2023 annual reports of 100 large listed European firms. While 71% of companies indicated that the impact of Pillar Two income taxes was not significant, only a third of companies with an IFRS effective tax rate between 15% and 20% expected the impact to be insignificant. Approximately 25% of companies quantified the expected impact, with 90% of these disclosing it as a point estimate or a range of less than 1 percentage point of ETR. However, only 10% disclosed an expected increase in effective tax rate aligning with the OECD's estimates. Pillar Two income taxes do not appear to have been a significant audit concern in the 2023 financial statements.

Keywords: Pillar; Two; BEPS; financial; statements; IFRS (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:arh:jmabec:v:98:y:2024:i:6:p:353-364

DOI: 10.5117/mab.98.136265

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