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.
Turkey Gazettes Pillar 2 IASB Amendments
On September 19, 2023, Turkey gazetted the Pillar 2 amendments to IAS 12, as previously announced by the IASB.
A Review of Italy’s Draft Pillar Two Law
On September 11, 2023, the Italian Ministry of Finance issued a draft law for the implementation of the EU Global Minimum Tax Directive. Read our detailed review.
International Participation Exemption Regimes & Pillar Two
The requirements for a participation exemption under domestic law may not match the exemption requirements in the Pillar Two Rules. Read our analysis.
GloBE Country Guide: Germany
Analysis of the domestic implementation of the Pillar Two Global Minimum Tax rules in Germany from 2024. Updated for the August 16, 2023 Draft Law.
Taiwan Confirms No Pillar 2 Schedule, But An Increase To Its Domestic Minimum Tax Rate From 2024
Taiwan’s Ministry of Finance confirmed today there is no set schedule for the introduction of the Pillar 2 GloBE rules in Taiwan. Taiwan’s Ministry of Finance has previously stated it will prepare draft legislation for the government to increase Taiwan’s domestic minimum tax rate from 12% to 15%.
However, this creates a number of issues in terms of its interaction with the Pillar Two global minimum tax.
