Lithuania: Public consultation on draft legislation fully implementing Pillar Two rules

The proposed Pillar Two rules would closely follow the text of the EU minimum tax directive.

The government on September 19, 2024, launched a public consultation on draft legislation fully implementing the OECD’s Pillar Two rules as set out under the EU minimum tax directive.

This follows the previous partial implementation of the global anti-base erosion (GloBE) rules in accordance with Lithuania’s election to defer application of the income inclusion rule (IIR) and undertaxed profits rule (UTPR).

The proposed Pillar Two rules would closely follow the text of the EU minimum tax directive.

Read an October 2024 report prepared by KPMG’s EU Tax Centre

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Lithuania: Public consultation on draft legislation fully implementing Pillar Two rules

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