Luxembourg updates draft legislation amending Pillar Two Law reflecting June 2024 OECD guidance

07 November 2024|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, OECD, Global, BEPS 2.0|Luxembourg

The Luxembourg government has tabled several amendments (Amendments) to a legislative proposal that modifies the Pillar Two Law transposing the Minimum Tax Directive.
The Amendments aim to incorporate, with effect for financial years starting from 31 December 2023, clarifications and additional provisions agreed by the OECD/G20 Inclusive Framework through Agreed Administrative Guidance on the GloBE Model Rules in June 20241 (June Guidance).
Among other items, the Amendments lay down Luxembourg's c…

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