Curaçao to Adopt Rules for Global Minimum Tax in 2025
6 hours ago · Curaçao will enact a pair of new taxes to implement the global minimum tax regime being rolled out by countries around the world. Curaçao published an ordinance Friday that will establish a new domestic additional tax and income inclusion surcharge to put its tax code in line with the minimum tax, known as Pillar Two of the OECD’s global tax deal.
Thailand to implement global minimum corporate tax of 15
1 day ago · Thailand will implement a global minimum corporate tax of 15% on multinational enterprises from Jan. 1, 2025. Its finance ministry said on Friday that the "top-up tax" would be levied at the globally agreed minimum tax rate, in alignment with the Global Minimum Tax framework which seeks to set a floor on tax competition, the ministry said in a ...
Global minimum tax on multinationals goes live to raise up to …
Jan 1, 2024 · Big multinational companies will from Monday be subject to a global minimum tax for the first time, as landmark cross-border tax reforms go live, seeking to raise up to $220bn in extra annual...
What does a 'global minimum tax' mean for global cooperation?
Feb 2, 2024 · More than 140 countries have committed to implement a new global tax agreement aimed at ensuring multinational companies pay a minimum rate of tax. The deal, which was proposed by the Organisation for Economic Co-operation and Development (OECD), imposes a minimum effective rate of 15% on corporate profits.
Global Minimum Tax - OECD
The global minimum tax, which is based on the Global Anti-Base Erosion (GloBE) Model Rules, ensures that large multinational enterprises pay a minimum level of tax on their income in each jurisdiction where they operate, thereby reducing the incentive for profit shifting and placing a floor under tax competition, bringing an end to the race to ...
OECD offers final guidance for global minimum corporate tax
Feb 2, 2023 · The Organisation for Economic Cooperation and Development detailed on Thursday the final guidance for governments on how to bring the new global minimum corporate tax into their law books,...
Hong Kong Government to Implement Two Global Minimum Tax …
9 hours ago · Hong Kong’s government published legislation that would implement two global minimum tax rules, with plans to add a third at a later date.. The Minimum Tax for Multinational Enterprise Groups Bill 2024 would introduce the qualified domestic minimum top-up tax and income inclusion rule starting Jan. 1, 2025, the country’s Inland Revenue Department said in a press release Dec. 27.
Hong Kong: Draft legislation implementing Pillar Two global minimum tax ...
3 days ago · The Hong Kong government on December 27, 2024, published draft legislation (Inland Revenue (Amendment) (Minimum Tax for Multinational Enterprise Groups) Bill 2024) implementing the Pillar Two global minimum tax rules for fiscal years beginning on or after January 1, 2025.The global anti-base erosion (GloBE) rules under the draft legislation largely mirror the OECD GloBE rules, with certain ...
Latest news and updates on a global minimum corporate tax
Dec 18, 2021 · Latest news and updates on the proposed global minimum tax rate that aims to clamp down on tax evasion and prevent countries from competing by offering lower taxes to attract multinationals.
Global Tax Agreement: Details & Analysis | EU Global Minimum Tax
Jul 11, 2024 · Pillar Two is the global minimum tax. It includes three main rules and a fourth for tax treaties. These rules are meant to apply to companies with more than €750 million in revenues. Model rules were released in December 2021.