On 23 October 2024, Italy published in the Official Gazette the Decree of 11 October 2024 concerning the reduction of the taxable base relevant for the purposes of the global minimum tax. As previously reported, the decree takes into account the clarifications provided in the Commentary on the OECD Rules and in the Administrative Guide "Tax Challenges Arising from the Digitalisation of the Economy – Administrative Guidance on the Global Anti-Base Erosion Model Rules (Pillar Two)", approved by the Inclusive Framework on BEPS on 13 July 2023, concerning the amount of income that can be excluded from supplementary taxation as...