A Review of Ireland’s Draft Pillar Two Law
On October 19, 2023, the Irish Ministry of Finance released the Finance (No. 2) Bill 2023 (‘draft law’). to implement the Pillar Two GloBE rules/EU Minimum Tax Directive.
A Review of Hungary’s Draft Pillar Two Law
On October 17, 2023, the Hungarian Ministry of Finance issued a draft law to implement the Pillar Two GloBE rules/EU Minimum Tax Directive.
The Netherlands Issues GloBE Amendments for OECD Administrative Guidance
On 13 October 2023, the Dutch State-Secretary of Finance issued a Bill to amend the Dutch Draft Minimum Tax Bill.
Malaysia’s 2024 Budget Proposes GloBE Implementation from 2025
In the 2024 Budget Speech today, the Malaysian Prime Minister confirmed that the Pillar Two GloBE rules are to apply from 2025.
OECD Releases Pillar One Amount A Multilateral Convention
On October 11, 2023, the OECD published the Multilateral Convention to Implement Amount A of Pillar One (MLC).
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.
