INTERNATIONAL TAX PLAZA - The Austrian Government opened a consultation on a draft law to implement the EU-Pillar 2 Directive

Details: Published: 04 October 2023

On October 3, 2023 the Austrian Government opened a consultation on a draft law to implement COUNCIL DIRECTIVE (EU) 2022/2523 of 14 December 2022 on ensuring a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the Union. The consultation period ends on October 20, 2023.

The Austrian Government intends to introduce a Austrian supplementary tax in the form of an "Income Inclusion Rule" (Primär-Ergänzungssteuer (PES)), a "Qualified Domestic Minimum Top-up Tax" (Nationale Ergänzungssteuer (NES)) as well as an "Undertaxed Payments Rule" (ekundär-Ergänzungssteuer (SES)).

More information on the consultation as well as the text draft law can be found here on the website of the Austrian Government.

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