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Council Directive (EU) 2022/2523 / OECD GloBE Model Rules - Pillar Two Global Minimum Tax: 15% Effective Tax Rate, Income Inclusion Rule, Undertaxed Profits Rule, Qualified Domestic Minimum Top-up Tax, Substance-Based Income Exclusion and GloBE Information Return

Council Directive (EU) 2022/2523 implements the OECD GloBE Model Rules in the EU, requiring multinational enterprise (MNE) groups with consolidated annual…

What Council Directive (EU) 2022/2523 / OECD GloBE Model Rules - Pillar Two Global Minimum Tax: 15% Effective Tax Rate, Income Inclusion Rule, Undertaxed Profits Rule, Qualified Domestic Minimum Top-up Tax, Substance-Based Income Exclusion and GloBE Information Return requires

Council Directive (EU) 2022/2523 implements the OECD GloBE Model Rules in the EU, requiring multinational enterprise (MNE) groups with consolidated annual revenue of at least €750 million in at least 2 of the 4 preceding fiscal years to pay a top-up tax whenever the effective tax rate (ETR) of constituent entities in a jurisdiction falls below 15%; the Income Inclusion Rule (IIR) requires the ultimate parent entity (or intermediate parent) to collect the top-up tax; the Undertaxed Profits Rule (UTPR) acts as a backstop; Member States may implement a Qualified Domestic Minimum Top-up Tax (QDMTT) to retain top-up tax domestically; a Substance-Based Income Exclusion (SBIE) carves out payroll (5% of eligible payroll costs) and tangible assets (5% of net book value) from the GloBE income base; MNE groups must file a GloBE Information Return (GIR) within 15 months of fiscal year end (21 months for the first year in scope); EU Member States were required to transpose the Directive by 31 December 2023.

Pillar: Tax & Transfer Pricing · Authority: Council of the European Union · Version: 1.0.1 · Last updated:

Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32022L2523

SHA-256 integrity: 86f1362f7bec3eb76fde8f68a6068ecf96495a5026b66c55e2dff7192bc6fbae

Primary Citations — 7 traced to source

  • {"citation":"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, Article 2(1) - Scope: MNE groups with annual consolidated revenue ≥€750M in at least 2 of 4 preceding fiscal years","url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32022L2523","year":2022}
  • {"citation":"Council Directive (EU) 2022/2523, Articles 5-9 - Income Inclusion Rule (IIR): parent entity collects top-up tax equal to top-up percentage (15% minus ETR) multiplied by GloBE excess profit of low-taxed constituent entities","url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32022L2523","year":2022}

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