Greece Enacts Pillar Two Law
On April 5, 2024, Law 5100/2024 was published in the Official Gazette. This implements the EU Minimum Tax Directive in Greece from December 31, 2023 (with the UTPR applying from December 31, 2024).
GloBE Country Guide: Liechtenstein
Analysis of the domestic implementation of the Pillar Two Global Minimum Tax rules in Liechtenstein from 2024. Updated for the GloBE Regulation of March 28, 2024.
GloBE Country Guide: New Zealand
Analysis of the domestic implementation of the Pillar Two Global Minimum Tax rules in New Zealand. Updated for the enacted legislation on March 28, 2024.
A Review of the Liechtenstein GloBE Regulation
On March 28, 2024, the Decree on the minimum taxation of large groups of undertakings (the ‘GloBE Regulation’) was published in the Official Gazette.
New Zealand Enacts GloBE Law and Liechtenstein Issues GloBE Regulations
On March 28, 2024, the GloBE Regulations were published in the Liechtenstein Official Gazette and New Zealand’s Pillar Two Law received Royal Assent.
GloBE Country Guide: Australia
Analysis of the domestic implementation of the Pillar Two Global Minimum Tax rules in Australia for accounting periods beginning on or after January 1, 2024. Updated for the draft legislation issued by the Australian Treasury on March 21, 2024.
Sweden Issues Proposed Draft Legislation to Implement OECD Administrative Guidance
On March 19, 2024, the Swedish Ministry of Finance issued a proposal (including Draft Legislation and Explanatory Notes) to amend its Pillar Two law to include relevant provisions of the OECD Administrative Guidance.
A Review of Australia’s Draft Pillar Two Legislation
On March 21, 2024, the Australian Treasury issued draft GloBE legislation for consultation. The consultation is open until April 16, 2024.
Lithuania Updates Draft GloBE Legislation
On March 13, 2024, the Lithuanian Parliament updated the draft law to implement the EU Minimum Tax Directive.
New Zealand Updates Draft Global Minimum Tax Law & Delays Domestic IIR to 2026
On March 11, 2024, the Finance and Expenditure Committee of the New Zealand Parliament made a number of amendments to the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Bill (which includes proposed legislation to transpose the OECD GloBE Rules).
