The Luxembourg government has submitted a draft law (Draft Law) to Parliament that modifies the law of 22 December 2023 (Pillar Two Law) transposing Council Directive 2022/25231 of 14 December 2022 on minimum taxation (Minimum Tax Directive).The Draft Law aims to incorporate, with effect for financial years starting from 31 December 2023, the clarifications and additional provisions that were agreed at the Organisation for Economic Co-operation and Development (OECD) /G20 Inclusive Framework through Agreed Administrative Guidance on the Global Anti-Base Erosion (GloBE) Model Rules (Pillar Two) in February 2023,2 July 20233 and December 20234 (OECD Guidance). Executive summaryOn 12 June 2024,...