Latvia to Defer Implementation of Pillar 2 Global Minimum Tax Rules
Latvia's Ministry of Finance has reportedly finalized draft legislation for the partial implementation of Council Directive (EU) 2022/2523 for the introduction of the Pillar 2 global minimum tax (GloBE) rules. The partial implementation provides for the introduction of certain related reporting requirements, but does not include the main income inclusion rule (IIR) and undertaxed payment/profit…
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