The Luxembourg government has sent to Parliament a legislative proposal (Draft Law) for transposition into domestic law of the European Union (EU) Directive of 14 December 2022 on minimum taxation.The Draft Law introduces a Qualified Domestic Minimum Top-up Tax (QDMTT) and contains Transitional Safe Harbor rules.The Income Inclusion Rule (IIR) and QDMTT will be applicable for fiscal years starting on or after 31 December 2023, while the Undertaxed Payment Rule (UTPR) generally applies for fiscal years beginning from 31 December 2024. Executive summaryThe Draft Law aims at implementing the Pillar Two Global Minimum Tax rules as laid down in Council...