Italy, Belgium & Finland Gazette Pillar Two Laws
On December 28, 2023, Italy, Belgium and Finland gazetted laws to implement the EU Minimum Tax Directive.
Germany, Luxembourg and The Netherlands Gazette Pillar Two Laws
Germany, Luxembourg and the Netherlands have all enacted Pillar Two Laws over the last few days.
GloBE Country Guide: Luxembourg
Analysis of the domestic implementation of the Pillar Two Global Minimum Tax rules in Luxembourg for accounting periods beginning on or after 31 December, 2023. Updated for the draft law n°8292 approved by Parliament on December 20, 2023.
UK and EU Issues Pillar 2 Guidance, Switzerland Delays IIR and UTPR
Today, the UK and EU have issued guidance on the application of the GloBE Rules whilst Switzerland is to introduce a QDMTT from December 31, 2023 and has delayed its IIR/UTPR.
GloBE Country Guide: Sweden
Analysis of the domestic implementation of the Pillar Two Global Minimum Tax rules in Sweden from January 1, 2024. Updated for Law No. SFS 2023:875 of December 16, 2023.
Gibraltar Brings Forward its QDMTT to December 31, 2023
On December 19, 2023, Gibraltar announced it is bringing forward its QDMTT to apply from December 31, 2023. This was previously intended to apply from December 31, 2024.
English Translation of the Malaysian Enacted Global Minimum Tax Law
English Translation of the Malaysian Draft Global Minimum Tax Law
GloBE Country Guide: Malaysia
Analysis of the domestic implementation of the Pillar Two Global Minimum Tax rules in Malaysia for accounting periods beginning on or after January 1, 2025. Updated for the law approved by Parliament on December 13, 2023.
OECD Administrative Guidance Includes Additional Blended CFC Provisions
The December 2023 OECD Administrative Guidance provides additional information on the application of the Blended CFC rules.
OECD Administrative Guidance Addresses Year End Mismatches and Consolidated Revenue
The December 2023 OECD Administrative Guidance provides additional information on Year End Mismatches and identifying Consolidated Revenue.
