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European Union: Implemented Directive on 15% minimum tax rate for multinationals operating within EU

Policy overview

Description

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, …

Scope

Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
cross-cutting
Implementation Level
supranational
Government Branch
executive
Government Body
central government

Complete timeline of this policy change

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2021-12-22
under deliberation

On 22 December 2021, the European Commission has proposed a directive to implement the 15% minimum …

2022-12-12
under deliberation

On 12 December 2022, the Committee of Permanent Representatives announced that it had reached the r…

2022-12-15
adopted

On 15 December 2022, the Directive on ensuring a global minimum level of taxation for multinational…

2023-12-22
in grace period

On 22 December 2022, the European Union (EU) Directive on ensuring a global minimum level of taxati…

2023-12-31
in force

On 31 December 2023, the European Union (EU) Directive on ensuring a global minimum level of taxati…