Transitional CbCR Safe Harbour: Domestic Implementation Tracker
We track the implementation of key aspects of the Transitional CbCR Safe Harbour in draft and enacted domestic laws issued to date back to the OECD Safe Harbours Guidance and the OECD Administrative Guidance.
GloBE Country Guide: Belgium
Analysis of the domestic implementation of the Pillar Two Global Minimum Tax rules in Belgium for accounting periods beginning on or after December 31, 2023. Updated for the Draft Law to amend the ‘Act on the introduction of a minimum tax for multinational enterprise groups and large domestic groups’ of March 6, 2024.
English Translation of the Belgian Draft Global Minimum Tax Amendment Law
English Translation of the Belgian Draft Global Minimum Tax Amendment Law
Belgium Issues Draft Law to Implement the OECD Administrative Guidance
On March 6, 2024, the Belgian Government submitted a draft law to Parliament which includes provisions to amend the GloBE Law to implement aspects of the OECD Administrative Guidance.
Australia Issues Update on Global Minimum Tax
On March 7, 2024, the Australian Taxation Office provided an update on the implementation of Pillar Two.
UK GloBE Country Guide: 2024 Finance Update
Analysis of the implementation of the Pillar Two Global Minimum Tax rules in the UK on or after 31 December 2023. Updated for the 2024 Finance Act.
When is a Qualifying Refundable Tax Credit Not Beneficial?
In most cases, a Qualifying Refundable Tax Credit will result in a higher Pillar Two effective tax rate than a non-qualifying tax credit. However, this is not always the case. We look at some examples in this article.
GloBE Country Guide: Thailand
Analysis of the domestic implementation of the Pillar Two Global Minimum Tax rules in Thailand for accounting periods beginning on or after January 1, 2025. Updated for the Draft Law issued on March 1, 2024.
Thailand Issues Draft Pillar Two Legislation
On March 1, 2024, the Thai Revenue Department published an 18-page consultation paper on the implementation of Pillar Two. This includes draft legislation which includes, an IIR, UTPR and a domestic minimum tax.
Status of Pillar Two Implementation in the EU as at March 1, 2024
In this article, we look at the status of Pillar Two implementation in the EU, as at March 1, 2024, for jurisdictions that have not yet enacted domestic law to implement the EU Minimum Tax Directive.
