On 20 December 2023, Austria's Federal Council (upper house of parliament - Bundesrat) approved the Minimum Taxation Reform Act (MinBestRefG) for the implementation of the Pillar 2 global minimum tax in accordance with Council Directive (EU) 2022/2523 of 14 December 2022 (previous coverage). The Act was approved by the National Council (lower house of parliament) on 14 December 2023. The Act p…