Pillar Two – Domestic Implementation

On December 29, 2023 and December 30, 2023, Romania and the Czech Republic, and Austria (respectively) gazetted their Pillar 2 Laws.

On December 31, 2023, Law 19928 was issued to amend the International Tax Adjustment Act to take account of a number of OECD amendments issued in the Administrative Guidance.

Bulgaria, Croatia and Slovenia gazetted Pillar 2 laws on December 22, 2023, whilst Slovakia gazetted its Pillar 2 law on December 23, 2023,

On December 28, 2023, Italy, Belgium and Finland gazetted laws to implement the EU Minimum Tax Directive.

Germany, Luxembourg and the Netherlands have all enacted Pillar Two Laws over the last few days.

Analysis of the domestic implementation of the Pillar Two Global Minimum Tax rules in Luxembourg for accounting periods beginning on or after 31 December, 2023. Updated for the draft law n°8292 approved by Parliament on December 20, 2023.

Analysis of the domestic implementation of the Pillar Two Global Minimum Tax rules in Sweden from January 1, 2024. Updated for Law No. SFS 2023:875 of December 16, 2023.

On December 19, 2023, Gibraltar announced it is bringing forward its QDMTT to apply from December 31, 2023. This was previously intended to apply from December 31, 2024.

Analysis of the domestic implementation of the Pillar Two Global Minimum Tax rules in Malaysia for accounting periods beginning on or after January 1, 2025. Updated for the law approved by Parliament on December 13, 2023.

Analysis of the domestic implementation of the Pillar Two Global Minimum Tax rules in Denmark for accounting periods beginning on or after 31 December, 2023. Updated for the final law enacted on December 12, 2023.