In a declaration adopted without discussion on Thursday 9 November, the Ecofin Council recognised the need to ensure consistency in the application by Member States of the Pillar II Directive of the OECD agreement on the minimum level of taxation for multinational enterprise groups.
They pointed out that the recitals of this directive refer to the use of the guidance developed by the Inclusive Framework as a source of illustration or interpretation. They also noted the Member States’ intention to follow this guidance when transposing the Pillar II Directive into their national law in order to avoid divergences and inconsistencies in interpretation of the provisions of that Directive.
For its part, the European Commission stated in its declaration that the administrative guidelines approved by the OECD/G20 Inclusive Framework were compatible with the Pillar II Directive. It encouraged all Member States to rapidly transpose the directive implementing Pillar II (see EUROPE 13282/23).
With regard to Pillar I of the OECD agreement, the EU Council welcomed the progress made by the OECD/G20 Inclusive Framework in finalising the Multilateral Convention implementing Pillar I, which is to be opened for signature rapidly, and notes the progress made on Amount B (see EUROPE 13270/23).
To read the statements: https://aeur.eu/f/9j9 (Original version in French by Anne Damiani)