Pillar Two.
Play by the rules
The ARKK Automation Platform
takes cares of tough tax and
compliance demands.
Pillar Two is part of the global tax reform initiative led by the Organization for Economic Co-operation and Development (OECD) and the G20.
The Pillar Two tax regime aims to establish a global minimum Effective Tax Rate (ETR) of 15%, although this figure is expected to increase in time. Pillar Two applies to the cross-border profits of large multinational corporations that have a "significant economic footprint" across the world.
Does it affect me?
Under the Pillar Two rules, multinational enterprises (MNEs) with consolidated revenues of over €750M will be subject to a minimum ETR of 15% on income arising in low-tax jurisdictions.
What do I need to do?
You'll be required to gather and report on approximately 400 data points in order to comply with the three main sections of the GloBE Information Return (GIR).
The GIR is a key component of the OECD's Pillar Two tax framework. It's designed to provide tax authorities with detailed information about the global operations, income, taxes paid and effective tax rates of MNEs.
What's the deadline?
Pillar Two applies to qualifying businesses for financial periods beginning on or after December 31st 2024. Most businesses have already provided a disclosure for the financial period ending December 31st 2023 in relation to safe harbor analysis they have already undertaken.
Source agnostic
Our platform accepts data from any source and in any format. No need to reformat your data; we handle the transformation.
Data aggregation
Our platform uses an advanced engine to aggregate and transform your raw data ready for reporting.
Calculations
We're ready to do all the hard work and calculations for you no matter what compliance process you need to complete.
Comprehensive reporting
Our Machine Learning and PowerBI capabilities mean you get full visibility and never miss a trick.
Compliance
We'll make sure you have all the mandatory requirements of Pillar Two tax covered, and get a compliant and validated file ready for submission.
Want more? No problem, our tool is built for easy customisation. So not only can you take care of Pillar Two compliance- you can use the tool for so much more!
With ARKK at your side, you can offload the burden of complex tax calculations effortlessly.
Taking your existing data, our platform uses a sophisticated cloud-based calculation engine, fueled by state-of-the-art Machine Learning technology, to reduce the burden of Pillar Two compliance.
Tech you can trust
Take advantage of a robust cloud-based automation tool trusted by some of the world's largest enterprises.
Big data welcome
Upload datasets of unlimited size and scale- whatever you need, we're ready and waiting to support you.
No structure, no problem
Whatever format your data exists in at present, we'll aggregate and enrich it- no need to prepare and submit your data in rigid templates.
Your data, your terms
We get it- Pillar Two data takes many forms. So our platform lets you upload data using both automated and manual input tools.
Reporting made easy
Comprehensive CbCR, Pillar Two Safe Harbors and GloBE reporting capabilities are supported by an integrated PowerBI and XML engine.
De-stress tax
Use our platform to streamline other tax functions including OTP, VAT, and beyond- and hit new heights of efficiency and versatility.
Better together
Take care of Pillar Two while unlocking new growth and innovation opportunities by automating more of your tax and finance processes.
Get the ARKK advantage
Discover why our fresh approach to tax and finance is trusted by over 70% of the FTSE 100.
The information that came back from ARKK was so clear and transparent.
Kreeson Thatiha, Head of Finance and Client Money, eToro
I was continually reassured of ARKK's technology and their commitment to customer service.
Darryl Alford, Finance Manager, DPD
ARKK were prepared to be more flexible with how we worked and how we were set up.
Alistair McClelland, Head of Tax, The University of Edinburgh
Simply outstanding service and a real pleasure to work with.
Chris Parsons, Production Director, Radley Yeldar
ARKK are extremely responsive and supportive partners.
Janette Moriarty, Group Financial Reporting Director, Kerry Group
ARKK are invaluable to us… I wouldn't consider another project without them.
Valentin Ramousse, Head of International Business Development & Partner, Emperor Works
The speed and accuracy of implementation was incredible.
Akash Kalaiya, EMEA Tax Manager, Universal Weather and Aviation
The numbers behind Pillar Two
Fancy a chat?
Let’s get a date in the diary to talk about freshening up your tax and compliance reporting.
Fill out the form opposite and we'll get right back to you.