Trending Now

Luxembourg Parliament Approves Global Minimum Tax Amendment Law for OECD Administrative Guidance

Isle of Man Issues the Cessation Form for Pillar 2 Domestic Top-Up Tax

Kenya Enacts a Domestic Minimum Tax in its Tax Laws (Amendment) Act, 2024

The Netherlands Parliament Approves Law to Amend its Global Minimum Tax Law for OECD Administrative Guidance

First Domestic Pillar Two Global Minimum Tax Law Enacted

On December 31, 2022, South Korea enacted the first domestic law to give effect to the Pillar Two GloBE rules from January 1, 2024. 

We’ve had draft laws published for the UK, Switzerland, South Korea and the Netherlands as well as the adoption of the EU Global Minimum Tax Directive, but this is the first domestic tax law enacted to give effect to the global minimum tax. 

This is likely to prompt other jurisdictions (eg Vietnam, given the scale of South Korean investment into Vietnam) to introduce their own legislation for the GloBE Rules. 

Sign into your account to access this analysis

Not a Subscriber?

If you haven’t got a subscription you can join up below. 

Get Started
Already a Subscriber?

Picture of Lee Hadnum

Lee Hadnum

Lee is a qualified Chartered Accountant and Chartered Tax Adviser. A former Senior Tax Analyst at Bloomberg Tax, Lee began his career in Ernst & Young's Entrepreneurial Services department and has 20 years of international tax planning experience. Lee's books have been recommended by The Times, The Guardian and The Telegraph.

This website is not affiliated with or related to the OECD. We provide independent insights and analysis on the OECD Two-Pillar Solution

image showing 'OECDpillars.com logo'
s2Member®

© 2024 OECDPillars 

All Rights Reserved