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ACMA Pillar 3 Training & Training6th National Case Study Competition 2020 Brand promotional opportunities Venue: Pune City (Venue will be informed shortly) Date: 11th Feb 2020Dear Sir / Ma\'am, A
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How to fill out pillar 1

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Pillar 1 refers to a component of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) that aims to ensure that large multinational enterprises (MNEs) pay tax where they have significant consumer-facing activities, regardless of physical presence.
Multinational enterprises with global revenues exceeding a specified threshold (which is currently set at €750 million) that engage in consumer-facing activities are required to file disclosures under pillar 1.
Filling out pillar 1 typically involves completing a standardized reporting template that requires MNEs to report allocation of profits and tax information, as well as revenue from certain consumer-facing activities across jurisdictions.
The purpose of pillar 1 is to address challenges posed by the digital economy and to allocate taxing rights over large MNE profits to the jurisdictions where the end consumers are located.
The information required under pillar 1 includes the revenue derived from consumer-facing activities, the profits earned, the taxes paid, and the number of employees in each jurisdiction.
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