Luxembourg's Chamber of Deputies has approved Bill No. 8396 on amendments to the Law of 22 December 2023, with the Council of State agreeing to waive the required second vote on 20 December 2024. The Law of 22 December 2023 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 made by Bill No. 8396 provide for the incorporation of the clarifications and additional technical provisions provided by the latest administrative guidance issued by the OECD, as well as...