Hello everyone. Welcome to the Taxbyte podcast series. My name is Peter Drey and I'm very

happy that I can welcome Yoni and Hanna from my team in the virtual recording studio. Of course,

they are well known to this audience. They have been speaking in other podcast editions with me.

But for those who are tuning in for the first time,

Yoni is an expert in our team on Pillar 2,

very experienced in systems IT, automation, and Pillar 2.

Hanna is also an expert in the Pillar 2 legislation

following monitoring the implementation in the different countries.

And I thought it was a good idea.

When we record this, it's March 24.

So beginning of 24 still, a lot of countries are implementing Pillar 2.

And I thought it was a good idea to give an update on where we are.

So welcome to the show, Yoni and Hannah.

I suppose we best start with a brief recap, actually. And Yoni, maybe I can ask that to you.

Can we give our listeners a little recap of where we are and the status of Pillar 2?

Yes, absolutely, Peter. So a brief recap of where we are and the status of pillar two? Yes, absolutely, Peter.

So a brief recap, pillar two is essentially about making sure that all the

multinational groups or large domestic groups pay a minimum level of taxes, regardless

of where they are operating.

So based on the EU directive, the due rate of

this implementation was the 31st of December 2023. And this is also what most EU countries have

done. So it means that the pillar two rules are now alive and that they apply for financial

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