A Review of Belgium’s Draft Pillar Two Law
On November 13, 2023, draft law No. 55K3678 to implement the EU Minimum Tax Directive was sent to the Belgian Parliament.
Luxembourg Updates its Draft GloBE Law for OECD Administrative Guidance
On November 13, 2023, the Luxembourg Government issued amendments to update its draft law implementing the EU Minimum Tax Directive (Law 8292 issued on August 4, 2023).
Bermuda Issues Draft Corporate Income Tax Law
On November 15, 2023, Bermuda issued draft corporate income tax legislation as part of a third consultation on enacting a new 15% corporate income tax from January 1, 2025.
Sourcing the South Korean Pillar Two Law to the OECD Model Rules
An article by article analysis that sources all of the articles of the South Korean Pillar Two legislation (the original Law, Amended Law and Amended Enforcement Decree) back to the OECD Model Rules.
GloBE Country Guide – Germany: Updated
Analysis of the implementation of the EU Global Minimum Tax Directive in Germany, taking account of the changes made in the recent draft law, approved by the Bundestag on November 10, 2023.
GloBE Country Guide – South Korea: Updated
Our South Korea GloBE Country Guide chapter has been updated for the recent amendment to the Enforcement Decree of the International Tax Adjustment Act which provides additional detail for the operation of the GloBE rules.
Germany Approves and Updates its GloBE Law
On November 10, 2023, the Bundestag (lower house) approved the German draft law to implement the EU Minimum Tax Directive.
A Review of South Korea’s Latest GloBE Amendments
The Amended Enforcement Decree implements most aspects of the February and July 2023 OECD Administrative Guidance. Read our analysis.
South Korea Issues Amended Enforcement Decree for Detailed GloBE Rules
On November 9, 2023, South Korea issued the Preliminary Legislative Notice of Partial Amendment to the Enforcement Decree of the International Tax Mediation Act.
Bermuda and Barbados Announce GloBE Implementation
Bermuda and Barbados announced on November 3 and 7, 2023 (respectively) their intention to implement the Pillar 2 GloBE rules (albeit with different approaches).
