On 7 December 2023, the Danish Parliament passed Bill No. L 5 implementing Pillar Two into Danish law.
The global minimum tax rules are incorporated into a new law, the Minimum Taxation Act (Minimumsbeskatningsloven). The law closely follows the structure of Council Directive (EU) 2022/2523 of 14 December 2022 and includes clarifications and interpretations published by the OECD in 2022 and 2023. Among other things, taxpayers can elect to apply a temporary safe harbor based on country-by-country …