On 30 October 2024, Portuguese President Marcelo Rebelo de Sousa announced the promulgation (enactment) of the law to transpose Council Directive (EU) 2022/2523 of 14 December 2022 for the implementation of the Pillar 2 global minimum tax. As previously reported, this includes the Pillar 2 income inclusion rule (IIR) and qualified domestic minimum top-up tax (QDMTT), which will apply to fiscal years beginning on or after 1 January 2024, and the undertaxed payment/profit rule (UTPR), which will generally apply to fiscal years beginning on or after 1 January 2025. --- Ready for the Pillar 2 Global Minimum Tax? Click the...