On 25 March 2024, the Luxembourg tax administration published frequently asked questions (FAQs) clarifying certain questions around disclosures in the financial statements required to benefit from certain transition rules for Pillar Two purposes. Executive summaryOn 25 March 2024, the Luxembourg tax administration published FAQs clarifying certain questions relating to the required disclosure for certain deferred tax assets (DTAs) and deferred tax liabilities (DTLs).In December 2023, Luxembourg transposed into domestic law Council Directive 2022/25231 of 14 December 2022 on minimum taxation (Minimum Tax Directive) with effect for financial years starting on or after 31 December 2023 (Pillar Two Law). (For details, see...