Upcoming Pillar Two registration and notification deadlines

In brief

What happened?

For Pillar Two global minimum tax purposes, the OECD allows local filing requirements and local compliance dates, i.e., to be agreed by each country. Several Pillar Two registration and notification requirement deadlines for the 2024 fiscal year already have passed, with other deadlines in Q1 2025. 

Why is it relevant?   

In order to complete Pillar Two registrations and notifications, companies must compile and provide a significant amount of information, including financial data. Taxpayers also should be aware of any penalties for late registration or for providing incorrect or incomplete information.  

Actions to consider

Taxpayers should begin preparing the necessary documentation for relevant countries to ensure they are ready for varying registration and notification deadlines. For missed deadlines, companies should consider remediation options.