Eye on Pillar 2:
Updates and Insights
Corptax Eye on Pillar 2 is your hub for recent Pillar 2 developments
and what they mean for you. Check back often for the latest news and insights.
Meet global notification requirements with Corptax GMT
United Kingdom Notification Solution for Pillar 2 – Now Available!
Corptax GMT streamlines the UK’s Pillar 2 registration with built-in reports that identify and compile HMRC-required data. Automate assembly of registration details, including:
- Ultimate Parent Entity (UPE)
- Designated local constituent entity
- Accounting period dates
- Contact information for correspondence
Prepare in advance of the June 30, 2025 deadline and focus on strategy instead of data searches.
For more information, reach out to Carter Butler.
Liechtenstein Notification Solution for Pillar 2 – Now Available!
Stay ahead of Liechtenstein’s new Pillar 2 notification requirement with Corptax GMT. Use targeted reports to surface required data points that align with jurisdiction-specific rules. Automate data collection and easily organize essential details, including:
- Ultimate Parent Entity (UPE) name and address
- Designated local constituent entity and tax ID
- GloBE status of entities
- Contact details for correspondence
With the June 30, 2025 deadline approaching, start now to focus on high-value analysis and planning, avoid last-minute scrambles, and ensure timely submission.
France Notification Solution for Pillar 2
France now requires a Pillar 2 notification filing with details on the UPE, designated local entity, and specific constituent entities.
CSC Corptax® GMT streamlines compliance by:
- Tracking reporting requirements and generating reports that identify key data points
- Automating data collection and organization for a smoother process
- Reducing manual effort and errors to ensure timely, accurate filing
With the May 19, 2025 deadline approaching, use Corptax GMT to meet requirements with ease and confidence.
For more information, reach out to Carter Butler.
Germany Notification Solution for Pillar 2
CSC Corptax® GMT ensures customers meet Germany’s Pillar 2 notification requirements, due Feb. 28, 2025.
Our solution streamlines the process, ensuring customers correctly:
Identify the “Minimum Tax Group Head” to handle Top-up Tax payments and filing obligations
- Aggregate required data for notification filing, including entity details, tax ID, category, and contact information
For more information, reach out to Carter Butler.
Hungary Notification Solution for Pillar 2
CSC Corptax® GMT helps companies comply with Hungary’s new GMT notification requirements.
Our solution ensures customers can easily and accurately:
- Identify the filing entity based on Hungary’s rules
- Aggregate required data for notification filing, including constituent entities, Ultimate Parent Entity details, GloBE status, and type of Top-up Tax liability
For more information, reach out to Carter Butler.
Highlights from the OECD: January 2025 Guidance
1. Finalized GIR Data Points
The OECD published a final version of data points for the GloBE Information Return (GIR) along with the XML schema, setting clear expectations for reporting.
2. Enhanced Guidance on Application of Pillar Two Rules
Alongside the finalized GIR format, the OECD clarified the application of Pillar 2 rules, including jurisdictional requirements and deferred tax reporting standards.
3. Schema Evolution Insights
The release signals the OECD’s progress on updating schema standards, offering a roadmap for adapting reporting formats going forward.
New! Corptax GMT GloBE Reports Ensure Accuracy & Efficiency
Achieve Pillar 2 compliance with new CSC Corptax® GMT reporting. Review and validate data for your GIR filing reflecting the OECD’s January 13, 2025 changes.
Seamlessly integrate GloBE requirements into tax workflows with key reports, including:
2.2
3.2.1
3.2.1.1
3.2.1.2
3.2.4.1(a)
3.2.4.2(a)
3.3
Jurisdictional exceptions applicable in respect of this jurisdiction (Top-up Tax reduced to zero)
Effective Tax Rate (ETR)
Computation of GloBE Income (Loss)
Computation of Adjusted Covered Taxes
Constituent Entity Computation of GloBE Income or Loss – Adjustments to the Financial Account Net Income or Loss
Constituent Entity Computation of Adjusted Covered Taxes – Adjustments to the Current Tax Expense in the Financial Accounts
Top-up Tax Computation
These reports deliver the transparency and accuracy you need to:
- Confidently review jurisdictional ETR calculations
- Validate tax adjustments and top-up tax determinations
- Ensure OECD-aligned reporting before official filings
CSC Corptax GMT® — Built for Rapid Response
Count on Corptax to deliver powerful solutions aligned with your evolving Pillar 2 needs.
Latest Enhancement: New GMT GloBE Reports
Leverage key reports mirroring the OECD's latest structure and calculations required for
GIR compliance.
Using Proprietary Tech to Accelerate Updates
Corptax leverages advanced automation to identify differences and release updated schemas, quickly.
Timeliness and Communication
We’ll provide ongoing schema updates and solution refinements throughout 2025 and keep you informed.
Next Steps
With our eyes on Pillar 2, we’re looking out for you! We’re closely monitoring developments, planning for new guidance, and ensuring Corptax GMT keeps you ahead.
- Check back soon for updates covering expected developments.
- Future Enhancements: We will continue to refine our solutions, reflecting new requirements as they are defined.
Explore Pillar 2 Resources
Your Complete
Pillar Two Playbook:
4-step Planning Guide
Ebook
Pillar Two Updates
and New Corptax
GMT Features
Webinar
Plan for Global Minimum Tax and Corporate Alternative Minimum Tax
Info Sheet
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