The Lithuanian parliament (Seimas) is considering Draft Law No. XIVP-3533 for the partial implementation of the Pillar 2 global minimum tax in accordance with Council Directive (EU) 2022/2523 of 14 December 2022 (previous coverage). The draft law is in line with Lithuania's plans announced in September 2023, including the deferral of the application of the main rules, including the income inclusion rule (IIR) and the undertaxed payment/profit rule (UTPR). The option to defer the rules is included in the Directive, which provides that Member States in which no more than 12 ultimate parent entities of groups within the scope of...