30/10/2023 (Agence Europe) – *** modified Tuesday 31 October 6:30 pm ***
Estonia, Latvia, Lithuania, Malta and Slovakia have activated the Article 50 of the European directive implementing the Pillar Two of the OECD agreement on the taxation of multinational companies in order to delay the implementation of some provisions (see EUROPE 13264/23). Benjamin Angel, Director for direct taxation, tax coordination, economic analysis and evaluation at the European Commission’s DG TAXUD, revealed this information on Wednesday 25 October at the annual congress of the International Fiscal Association in Mexico. EU Member States must transpose the directive implementing a minimum 15% tax on multinational companies by 31 December 2023. So far, according to Mr Angel, 17 Member States have announced the drafting of legislation transposing the directive. “The Commission hoped for a higher number by this point in the year”, he added. (AD)