The Cyprus Ministry of Finance is consulting on an amending bill, The Ensuring a Global Minimum Level of Taxation of Multinational Enterprises Groups and Large-Scale Domestic Groups in the Union (Amendment) Law of 2026, which has been prepared following comments from the European Commission in the context of the correct transposition of the provisions of Council Directive (EU) 2022/2523 (Pillar 2 global minimum tax). This includes amendments to the definitions and mechanics of the domestic t…