Treatment of R&D Tax Incentives under the Pillar 2 GloBE Rules
Tax incentives for R&D are a common way for a jurisdiction to attract foreign direct investment (FDI).
In this article we look at the financial accounting, domestic tax and Pillar Two treatment of some of the key incentives offered including a deduction, capitalized treatment, a super deduction, tax credits and patent boxes or other similar arrangements.
Poland to Delay Pillar Two Implementation to 2025
The Polish Ministry of Finance has stated that Poland will begin the legislative process to implement Pillar 2 in the first quarter of 2024, with the rules to be effective from January 1, 2025.
GloBE Country Guide: Croatia
Analysis of the domestic implementation of the Pillar Two Global Minimum Tax rules in Croatia for accounting periods beginning on or after 31 December, 2023. Updated for Law No 155/23, of December 22, 2023.
GloBE Country Guide: Slovenia
Analysis of the domestic implementation of the Pillar Two Global Minimum Tax rules in Slovenia for accounting periods beginning on or after 31 December, 2023.
GloBE Country Guide: Norway
Analysis of the domestic implementation of the Pillar Two Global Minimum Tax rules in Norway for accounting periods beginning on or after 1 January 2024. Updated for Law 2024-01-12-1 of January 12, 2024.
Norway Council of State Enacts Pillar Two Law
On January 12, 2024, the Norwegian Council of State ratified the Norwegian Parliament’s enactment of the Supplementary Tax Act in Legislative Decision 37 (2023-2024) Act No. 1
GloBE Country Guide: Vietnam
Analysis of the domestic implementation of the Pillar Two Global Minimum Tax rules in Vietnam for accounting periods beginning on or after January 1, 2024.
GloBE Country Guide: Ireland
Analysis of the domestic implementation of the Pillar Two Global Minimum Tax rules in Ireland from 2024. Updated for the Finance (No. 2) Act 2023 of December 18, 2023.
Greek Bill To Implement GloBE Rules Presented to Council of Ministers
Yesterday, a Bill to implement the EU Minimum Tax Directive was considered by the Greek Council of Ministers. This includes an IIR and QDMTT from December 31, 2023 and a UTPR from December 31, 2024.
GloBE Country Guide: Romania
Analysis of the domestic implementation of the Pillar Two Global Minimum Tax rules in Romania for accounting periods beginning on or after 31 December, 2023. Updated for Law No. 431/2023 of December 29, 2023.
