Taiwan's Ministry of Finance has announced draft revisions to the income basic tax rate, or alternative minimum tax (AMT) rate, in response to the Pillar 2 global minimum tax. Starting in 2025, it is proposed that the AMT rate be increased from 12% to 15% for Taiwanese enterprises that are members of MNE groups that fall within the scope of the Pillar 2 global minimum tax (GMT) rules. This includes groups with consolidated annual revenue exceeding EUR 750 million in any two of the previous four years. Taiwanese enterprises that are not members of in-scope MNE groups remain subject to...