Tax Updates: March 4th 2024

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