European Union: EU Directive to transpose agreement on international minimum taxation for multinationals (Council Directive (EU) 2022/2523)
Progress
Scope
Timeline of events
Implemented Directive on 15% minimum tax rate for multinationals operating within EU
On 31 December 2023, the European Union (EU) Directive on ensuring a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the Union, as agreed on under Pillar 2 of the OECD/G20 Inclusive Framework, …
Entry into force with grace period the EU Directive on 15% minimum tax rate for multinationals operating within the Union
On 22 December 2022, the European Union (EU) Directive on ensuring a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the Union, as agreed on under Pillar 2 of the OECD/G20 Inclusive Framework, …
Adopted Directive implementing 15% minimum tax rate for multinationals operating within EU by Council of EU
On 15 December 2022, the Directive on ensuring a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the Union was formally adopted through a written procedure by the Council of EU. The Directive i…
Announced Committee of Permanent Representatives agreement on Directive proposed to implement 15% minimum tax rate for multinationals operating within EU
On 12 December 2022, the Committee of Permanent Representatives announced that it had reached the required unanimous support and recommended the Council of the European Union to adopt the Directive on ensuring a global minimum level of taxation for …
Submitted Proposal for a Directive to implement 15% minimum tax rate for multinationals operating within EU
On 22 December 2021, the European Commission has proposed a directive to implement the 15% minimum tax rate for multinationals agreed on as Pillar 2 of the OECD/G20 Inclusive Framework. The proposed directive sets out how taxation will be calculated…