Luxembourg Confirms it Considers Cyprus as Having a Qualified Pillar 2 IIR

The Luxembourg Administration of Direct Tax (ACD) issued a release on 26 June 2026 concerning the frequently asked question (FAQ) issued by the European Commission on 29 May 2026 in regard to the treatment of Cyprus as having a qualified Income Inclusion Rule (IIR) under the EU Pillar 2 Directive. As previously reported, the FAQ provides that all EU Member States must treat Cyprus as having a qualified Income IIR under the EU Pillar 2 Directive, despite Cyprus not being listed on the OECD's…