Latvia's Ministry of Finance has reportedly finalized draft legislation for the partial implementation of Council Directive (EU) 2022/2523 for the introduction of the Pillar 2 global minimum tax (GloBE) rules. The partial implementation provides for the introduction of certain related reporting requirements, but does not include the main income inclusion rule (IIR) and undertaxed payment/profit rule (UTPR). This is because Latvia has decided to defer the application of these rules. As allowed…