Last week the Institute, under the auspices of the CCAB-I, responded to the Department of Finance’s Pillar Two Implementation Feedback Statement. We highlighted the need for legislation to reference OECD guidance materials, similar to the approach taken in recent transfer pricing legislation, and the need to disregard GloBE corporate tax liabilities when calculating preliminary taxes. The Institute will continue to engage actively with Revenue and the Department of Finance via the TALC BEPS Sub-committee over the coming months. If you have comments or concerns, please email tax@charteredaccountants.ie.