31/10/23 (Agence Europe) – Contrary to what was written on Monday, 30 October (see EUROPE 13282/23), Estonia, Latvia, Lithuania, Malta, and Slovakia have not asked that the implementation of the rules set out in Pillar II of the OECD agreement on the taxation of multinational companies be postponed (see EUROPE 13264/23), but they have activated the Article 50 of the European directive transposing the OECD agreement to delay the application of certain provisions. This article provides that Member States in which no more than twelve ultimate parent companies are located may elect to defer applying the Income Inclusion Rule (IIR) and the Undertaxed Profits Rule (UTPR) for six consecutive fiscal years starting from 31 December 2023. This will not prevent these countries from transposing all the other relevant provisions in the directive. (AD)