Lithuania's Ministry of Finance recently held a meeting on transposing the Pillar 2 global minimum tax (GloBE) rules as per Council Directive (EU) 2022/2523 of 14 December 2022. According to a release on the meeting, Lithuania is planning to defer the application of the main rules by six years, including the income inclusion rule (IIR) and the undertaxed payment/profit rule (UTPR). The option to defer the rules is included in the Directive, which provides that Member States in which no more…