Pillar Two: AI-Powered Research Tool Updated for Latest Developments, and 100+ Languages
Our Pillar Two: AI-Powered Research Tool has been updated for the latest Pillar Two developments. Free access for members.
Vietnam Issues Draft Pillar 2 Resolution
On August 2, 2023, the Vietnamese government issued Draft Resolution No. 122/NQ-CP, the 2023 on the introduction of the GloBE rules in Vietnam.
Key Aspects of Luxembourg’s Draft GloBE Law
On 4 August 2023, the Luxembourg government issued Draft Law No. 8292 to implement the EU Global Minimum Tax Directive.
Bermuda Issues Consultation for a Corporate Income Tax
As a result of the international introduction of the Pillar Two GloBE rules, on August 8, 2023, the Government of Bermuda issued a Public Consultation on the Introduction of Corporate Income Tax in Bermuda.
Canada Issues Draft Global Minimum Tax Act
On August 4, 2023, Canada issued the draft Global Minimum Tax Act for consultation. The consultation closes on September 8, 2023.
Slovakia Issues Draft Pillar Two Law
On August 3, 2023, Slovakia issued a draft Pillar Two law, which includes an IIR, UTPR and a QDMTT.
Ireland GloBE Country Guide: Updated
The GloBE Country Guide for Ireland has been updated for the Irish Second Feedback Statement issued on July 27, 2023.
Ireland Issues Second Feedback Statement on Pillar Two
On July 27, 2023, Ireland issued its Second Feedback Statement on the Pillar Two GloBE Rules. This includes draft legislation for the Transitional CbCR and UTPR Safe Harbours and the QDMTT.
South Korea Issues Draft Pillar 2 Amendment Law
On July 28, 2023, the South Korean government published the Partial Amendment Proposal for the International Tax Adjustment Act, to amend their Pillar Two law to (1) take account of a number of OECD amendments issued in their Administrative Guidance, and (2) delay the implementation of the UTPR until January 1, 2025.
Luxembourg Government Approves Pillar Two Bill
On 28 July 2023, the Government approved the draft law aimed at transposing the EU Minimum Tax Directive into Luxembourg law.
