The Czech Republic Approves and Updates its GloBE Law
On December 1, 2023, the Czech Parliament approved the Draft Top-up Tax Act to give effect to the GloBE rules.
There were limited amendments to the draft law during the parliamentary process (including the inclusion of the QDMTT and Transitional UTPR Safe Harbour, and other key aspects of the July 2023 Administrative Guidance, such as the rules for transferable tax credits).
Vietnamese Parliament Approves QDMTT From 2024
On November 29, 2023, the Vietnamese Parliament passed a Resolution to implement the Pillar Two Global Minimum Tax in Vietnam with effect from January 1, 2024.
Norway Sends its Updated GloBE Law to Parliament
On November 24, 2023, a draft law to implement the Pillar Two GloBE rules into domestic law was introduced into the Norwegian Parliament.
Updated Austrian Minimum Tax Act Sent to Parliament
Yesterday, the Austrian Government sent the updated Minimum Taxation Reform Bill to Parliament. The Bill implements the EU Minimum Taxation Directive into domestic law.
English Translation of the French Global Minimum Tax Law
English Translation of the French Global Minimum Tax Law
English Translation of South Korea’s Amended Pillar Two Decree
English Translation of the South Korea’s Amended Pillar Two Decree.
English Translation of Luxembourg’s Amended Pillar Two Law
English Translation of the Luxembourg’s Amended Pillar Two Law.
English Translation of Japan’s Amended Pillar Two Circular
English Translation of the Japan’s Amended Pillar Two Circular.
English Translations of Domestic Pillar Two Laws
Members can access our unofficial English translations of domestic Pillar Two laws (both enacted and draft).
English Translation of the Netherland’s Global Minimum Tax Law
English Translation of the Netherland’s Global Minimum Tax Law
