The Luxembourg Government Council has announced its approval on 5 June 2024 of a draft law amending the Law of 22 December 2023, which provided for the introduction of the Pillar 2 income inclusion rule (IIR) and the undertaxed payment/profit rule (UTPR) in accordance with Council Directive (EU) 2022/2523 of 14 December 2022. The amendments provide for the incorporation of the clarifications and additional technical provisions provided by the latest administrative guidance issued by the OECD in 2023. --- Ready for the Pillar 2 Global Minimum Tax? Click the following link to learn more about the Orbitax Global Minimum Tax...