Poland Holds Up EU Pillar Two Directive

Following the recent preliminary agreement reached in the EU Council on the implementation of Pillar Two, Poland had asked for further time to consider the implementation of the EU Directive. 

The original deadline of 5pm on December 14, 2022 was extended to 8pm and was missed. 

The Czech President of the EU Council is to escalate the issue to today’s meeting of EU leaders in Brussels.  

Poland has been blocking the minimum tax rate for months before seemingly relenting when it got its recovery plan approved.

Then it was Hungary’s turn to block the measure  until it dropped its veto on Monday.

As at the time of writing Poland has not formally exercised its veto. 

UPDATE:

On December 15, 2022, the Council of the European Union formally adopted (among other things) the EU Pillar Two directive. See: Poland Withdraws its Veto and the EU Pillar Two Directive is Adopted