Welcome to PE Watch: 2023 in review, where the latest trends and developments of permanent establishments (PE) are reviewed. As a fundamental concept in determining the tax liability of multinational enterprises (MNEs) operating in foreign jurisdictions, understanding the complexities of the PE concept is crucial for businesses looking to navigate the global tax environment.

This edition of PE Watch: 2023 in review, attached below, explores the Pillar Two rules and their interaction with PEs, remote working, controversy, and the latest status of the Multilateral Instrument. Additionally, we review other relevant PE developments and their impact on businesses.

Staying abreast of PE developments is not just advisable but it is essential as non-compliance with PE rules can lead to severe tax consequences making it crucial for companies to remain informed and proactive. That's where PE Watch comes in. Our goal is to equip you with valuable insights and practical guidance, enabling you to turn these complexities into opportunities.

We believe that understanding PE in today's world requires a blend of expert analysis and forward-thinking strategy. This edition of the PE Watch is designed to spark new ideas and discussions, helping you navigate the intricate world of PE with confidence and clarity.