Israel's Ministry of Finance has issued a release announcing its plans for the implementation of the Pillar 2 global minimum tax. This includes an initial plan to implement a qualified domestic minimum top-up tax (QDMTT) in 2026 in order to prevent Israeli companies from needing to pay additional tax in foreign countries with respect to income generated in Israel. The Ministry has decided not to implement the income inclusion rule (IIR) and the undertaxed payment/profit rule (UTPR) at this stage. The implementation of the IIR and UTPR will be considered later after the QDMTT is implemented. --- Ready for the...