A Review of Romania’s Draft Pillar Two Law
On October 4, 2023, the Romanian Ministry of Finance issued a draft law to implement the Pillar Two GloBE rules/EU Minimum Tax Directive.
GloBE Country Guide: Cyprus
Analysis of the domestic implementation of the Pillar Two Global Minimum Tax rules in Cyprus for accounting periods beginning on or after 31 December, 2023.
A Review of Austria’s Draft Pillar Two Law
On October 3, 2023, the Austrian Federal Ministry of Finance issued the ‘Federal law enacting the Federal Act to Ensure a Global Minimum Taxation for Groups of Companies’ to implement the Pillar Two GloBE rules/EU Minimum Tax Directive.
A Review of Cyprus’s Draft Pillar Two Law
On October 3, 2023, the Cyprus Ministry of Finance issued a draft law to implement the Pillar Two GloBE rules/EU Minimum Tax Directive. It is open for consultation until October 31, 2023.
Japan Issues Circular for Additional GloBE Guidance
On September 29, 2023, the National Tax Agency published the “Partial Revision of the Basic Circular on Corporate Tax” which provides some administrative guidance on various aspects of Japan’s GloBE law.
STTR MLI is Open for Signature
The text of the Pillar 2 STTR Multilateral Instrument has been released by the OECD and the STTR MLI is now open for signature from October 2, 2023.
A Review of France’s Draft Pillar Two Law
Article 4 of the French 2024 Finance Bill (published on September 27, 2023) includes provisions to implement the EU Global Minimum Tax Directive.
Pillar Two Penalty Provisions: Global Roadmap
Both the EU Minimum Tax Directive and the OECD Model Rules leave the determination of GloBE penalties to domestic jurisdictions. See our Global Roadmap.
A Review of Bulgaria’s Draft Pillar Two Law
On September 26, 2023, the Bulgarian Ministry of Finance issued a draft law for the implementation of the EU Global Minimum Tax Directive. Read our detailed review.
How Different Accounting Standards Impact the Pillar Two ETR
Differences in Accounting Standards have a significant impact on the Pillar Two effective tax rate (ETR) and top-up tax calculation. Read this detailed report.
