Corporate Tax

EU is making ready for the well timed adoption of minimal corporate tax guidelines

The European Union should be able to agree on a rule to implement the global agreement on the minimum corporate tax rate by mid-2022 and thus meet a deadline for the rule to come into force in 2023, said the bloc’s top tax official.

The EU implementation of the Organization for Economic Cooperation and Development’s Pillar Two Agreement – an effective minimum tax rate of 15% for large companies – “is now crucial and has top priority in the area of ​​corporate taxation,” EU Economic Commissioner Paolo Gentiloni told the tax -Subcommittee of the European Parliament on Tuesday.

Every EU country must apply the rules of the second pillar in its …

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