Draft for the implementation of the global minimum tax BEPS Pillar II finally approved.
On December 12, 2022, the directive for the implementation of the global minimum tax was approved. After Poland and Hungary had each long blocked the decision, the necessary unanimity on tax matters was achieved. The 27 EU member states, including Germany, therefore have until December 31, 2023, to transpose the directive into national law. In Germany, as expected, the first draft for the Minimum Tax Directive Implementation Act (MinBestRL-UmsG) appeared in mid-March (March 20, 2023). BEPS Pillar II has thus taken an important step towards realization. The aim is to curb profit shifting and profit erosion through the use of tax havens and to introduce a global minimum tax rate of 15%.
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- What is BEPS Pillar II?
- Which companies are affected by Pillar II?
- Why were the Pillar II rules adopted?
- How do I calculate BEPS Pillar II?
- Are there any special rules?
- What are the Safe Harbour rules?
- What is the GloBE Information Return?
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