The Pillar Two implementation process, which introduces a minimum taxation rate of 15% for multinational groups and large domestic groups, is continuing in EU countries. The most recent developments have been i…
On 17 July 2023, the OECD/G20 Inclusive Framework on BEPS published a package of documents on the implementation of the Pillar Two global minimum tax rules (“Pillar Two”). The package includes additional admini…
On 16 August 2023, the Government of the Czech Republic approved the new bill of the Top-up Taxes Act to ensure a minimum level of taxation of large-scale multinational and domestic groups. This is the transpos…
In March this year, the Russian Ministry of Finance and the Russian Foreign Ministry came up with a joint proposal to suspend double tax treaties with all "unfriendly" countries. Subsequently, the ministries tu…
In the UK, the Netherlands, Guernsey, Jersey and the Isle of Man, the legislative processes related to Pillar Two of the OECD’s international tax reform continue. The Canton of Geneva will replace the municipal…
A new draft act on the top-up tax for the purpose of ensuring a minimum level of taxation for large-scale multinational and large-scale domestic groups (i.e. groups with consolidated annual revenues exceeding t…
What is the latest news in international taxation? CJEU rules that the German taxation of real estate funds is not compatible with EU law. Switzerland is holding a referendum on global minimum tax. From next Ja…
With the change in the EU Council Presidency, discussions on the parameters of the EU directive to define minimum requirements for the economic substance of entities established in the EU (the “Directive”) have…
The UK Government has released draft legislation to implement Pillar Two global minimum tax rules. Germany has published draft legislation to implement the EU Pillar Two Directive on international taxation. Bel…