Impact of BEPS actions on your business
BEPS is expected to transform the global tax environment in which MNEs operate. The output from the BEPS project is primarily in the form of recommendations for the design of countries’ domestic laws, as well as proposed changes to tax treaties. Response to BEPS will have to be managed in a phased manner and will require proactive and timely planning. Companies will have to build consideration of potential BEPS impact into current tax planning and prepare different scenarios for its application. Implementation of changes will have to be managed through robust program management across various company stakeholders in the entire value chain.