Netherlands: Closed consultation on draft Minimum Tax Act 2024 (OECD Pillar 2)

On 5 December 2022, the public consultation closed on the Draft Bill Minimum Tax Act (2024). The Bill aims to transpose the European Commission (EC) proposal for a directive issued on 22 December 2021, implementing Pilar 2 of the Economic Cooperation and Development (OECD) Inclusive Framework agreed on 22 December 2021. The Bill would implement the 15% minimum tax rate for entities with a combined annual turnover of at least 750 million EUR. During the public consultation, the Dutch government aims to gather information regarding the possible technical improvements to the draft and the existing legal taxation framework.