Tax Updates: March 4th 2024

Consistent with our commitment to provide updated information on current tax issues

Consistent with our commitment to provide updated information on current tax issues

Consistent with our commitment to provide updated information on current tax issues, we set down below a brief overview of the provisions of the draft bill on the implementation of OECD’s Pillar II Model Rules as set out under the EU Minimum Tax Directive (2022/2523).

In this edition (Download PDF , 0.18 MB)

  • General framework
  • Income Inclusion Rule (IIR)
  • Undertaxed Profit Rule (UTPR)
  • Domestic Minimum Top-up Tax (DMTT)
  • Safe Harbours
  • Compliance obligations
  • How KPMG can help