On 12 December 2022 the Committee of the Permanent Representatives of the Governments of the Member States to the European Union (COREPER) agreed in principle on the introduction of a global minimum taxation proposal by the EU Member States. The COREPER decided to advise the Council to adopt the draft Pillar Two Directive and approved the related Council statement. A written procedure for formal adoption of the Directive is expected to conclude on 14 December.
The Directive is being adopted as part of a package, together with decisions to financially support Ukraine and approve Hungary’s national recovery and resilience plan.
International Tax and Treasury