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Luxembourg updates draft legislation amending Pillar Two Law reflecting June 2024 OECD guidance

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Luxembourg

  • The Luxembourg government has tabled several amendments (Amendments) to a legislative proposal that modifies the Pillar Two Law transposing the Minimum Tax Directive.
  • The Amendments aim to incorporate, with effect for financial years starting from 31 December 2023, clarifications and additional provisions agreed by the OECD/G20 Inclusive Framework through Agreed Administrative Guidance on the GloBE…

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