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).
A Review of the UAE Consultation on the Introduction of the GloBE Rules
On March 15, 2024, the UAE launched a public consultation on the implementation of the GloBE rules in the UAE. The consultation is open until April 10, 2024.
UK to Apply Transitional CbCR Safe Harbour Anti-Avoidance Rule From March 14, 2024
On March 14, 2024, the UK Government confirmed it is to apply an anti-avoidance rule for the purposes of the Transitional CbcR Safe Harbour from March 14, 2024.
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.
