The Luxembourg Administration of Direct Tax (Administration des Contributions Directes - ACD) has published Frequently Asked Questions (FAQs) dated 25 March 2024 on the Pillar 2 Global Minimum Tax. The FAQs concern the implementation of the Law of 22 December 2023 relating to effective minimum taxation with a view to transposing Council Directive (EU) 2022/2523 of 14 December 2022 (the Law). As previously reported, the Law provides for the introduction of the Pillar 2 income inclusion rule (IIR) and the undertaxed payment/profit rule (UTPR) in order to ensure a minimum tax level of 15% for MNE groups with annual consolidated...