Portugal published Law No. 41/2024 in the Official Gazette on 8 November 2024, which transposes Council Directive (EU) 2022/2523 of 14 December 2022 for the implementation of the Pillar 2 global minimum tax. As previously reported, the law provides the introduction of the Pillar 2 income inclusion rule (IIR) and the undertaxed payment/profit rule (UTPR) in order to ensure a minimum tax level of 15% for MNE groups with annual consolidated revenue of at least EUR 750 million in at least two of the last four immediately preceding financial years. The law also provides for the introduction of a qualified...