Belgian House of Representatives Adopted The Draft GloBE Law
On November 30, 2023, the Belgian House of Representatives adopted draft law 55K3678/2023 to implement the EU Minimum Tax Directive.
English Translation of Slovakia’s Global Minimum Tax Law
English Translation of Slovakia’s Global Minimum Tax Law
Slovakia’s GloBE Law Applies the EU’s IIR/UTPR Postponement Provision
Slovakia draft law was submitted to the National Council on December 4, 2023. It applies the derogation under Article 50(1) of the EU Minimum Tax Directive to postpone the application of the IIR/UTPR.
Hungary Becomes The First EU Member To Enact Pillar 2 Law
Act LXXXIV of 2023 on ‘Additional taxes ensuring a global minimum tax level and amending certain tax laws in connection with this’ was published in issue 171/2023 of the Hungarian Gazette.
The Czech Republic Approves and Updates its GloBE Law
On December 1, 2023, the Czech Parliament approved the Draft Top-up Tax Act to give effect to the GloBE rules.
There were limited amendments to the draft law during the parliamentary process (including the inclusion of the QDMTT and Transitional UTPR Safe Harbour, and other key aspects of the July 2023 Administrative Guidance, such as the rules for transferable tax credits).
