The Dutch Minimum Tax Executive Decree 2024 was published in the Government Gazette on December 23, 2024 to implement various aspects of the OECD Administrative Guidance.
On December 26, 2024, The Emergency Decree on Top-Up Tax B.E. 2567, was published in the Government Gazette to implement the Pillar 2 GloBE rules from January 1, 2025.
On December 27, 2024, the Inland Revenue (Amendment) (Minimum Tax for Multinational Enterprise Groups) Bill 2024 was published in the Official Gazette. The Bill includes an Income Inclusion Rule (IIR) and a domestic minimum tax from January 1, 2025.
Analysis of the domestic implementation of the Pillar Two Global Minimum Tax rules in Hong Kong for accounting periods beginning on or after January 1, 2025. Updated for the draft legislation issued on December 31, 2024.
On December 31, 2024, Oman issued Royal Decree No. 70/2024 to implement the Pillar 2 Income Inclusion Rule and a Domestic Minimum Tax from January 1, 2025..
On December 20, 2024, Curacao’s Global Minimum Tax Ordinancewas approved by Parliament and it was subsequently published on December 27, 2024.
On December 20, 2024, Curacao’s Global Minimum Tax Ordinance was approved by Parliament and it was subsequently published on December 27, 2024.
On December 30, 2024, Singapore published the Multinational Enterprise (Minimum Tax) Regulations 2024 which provide for the detailed rules for the application of the multinational top-up tax and domestic top-up tax.
On December 30, 2024, Brazil’s President enacted Law No. 15,079, of December 27, 2024 that repeats (with minor amendments) Provisional Measure No. 1,262, of October 3, 2024, to introduce a Domestic Minimum Tax (DMT) from January 1, 2025.
On December 30, 2024, Kuwait published Decree-Law 157 of 2024 for the introduction of a Domestic Minimum Top-Up Tax (DMTT) for in-scope MNE groups from January 1, 2025.
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