EU: Commissioner Hoekstra addresses current state of Pillar 1, 2
The European Commissioner Wopke Hoekstra responded that the European Commission notes Canada’s decision to suspend its digital services tax but considers it a sovereign matter and will not comment further. The European Parliament released a
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US: IRS issues interim guidance on corporate alternative minimum tax (CAMT)
The two notices, Notice 2025-46 and Notice 2025-49, on 30 September 2025, provide interim guidance on the corporate alternative minimum tax (CAMT). The US Internal Revenue Service (IRS) issued two notices, Notice 2025-46 and Notice
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Australia: ATO releases summary of initial Pillar 2 briefing
The session focused on the engagement with multinational enterprise (MNE) groups that may be in-scope of the measure, and with tax advisers providing specialist services around Pillar Two. The Australian Taxation Office (ATO) has released a
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Ethiopia: House of Representatives pass income tax reform, introduces changes to corporate and alternative minimum tax
The amendments aim to modernise Ethiopia’s tax system, improve compliance, simplify procedures, and broaden the tax base to include emerging and digital sectors. The Ethiopian House of Peoples’ Representatives approved the Income Tax
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EU: US framework GILTI, Net CFC Tested Income regimes to operate alongside Pillar 2
The EPRS "At a Glance" note (15 September 2025) reports that under the G7 Statement, US-parented groups will be excluded from Pillar 2’s IIR and UTPR, with US GILTI and Net CFC Tested Income rules applying alongside the global minimum tax
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Poland: MoF launches consultation on global minimum tax notification and return forms
The deadline for submitting comments is 19 September 2025. The Polish Ministry of Finance has initiated a public consultation on 11 September 2025, focusing on draft tax forms related to the Pillar 2 global minimum tax framework. The
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Nigeria gazettes tax reform acts, updates corporate and minimum effective tax rates
The Nigeria Tax Act 2025 and the Nigeria Tax Administration Act 2025, which will take effect on 1 January 2026, as well as the Nigeria Revenue Service (Establishment) Act 2025 and the Joint Revenue Board (Establishment) Act, which came into force on
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Vietnam: Government issues decree on Pillar 2 global minimum tax implementation, includes compliance
The Decree outlines Vietnam’s Pillar 2 global minimum tax rules for MNEs, including IIR and QDMTT, specifying notification, registration, and reporting deadlines. Vietnam’s government announced that it has issued Decree No. 236/2025/ND-CP,
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Iceland presents 2026 Budget, proposes implementation of Pillar 2 global minimum tax
Iceland’s 2026 Budget introduces the Pillar 2 global minimum tax (IIR and QDMTT), a kilometre-based vehicle tax, and a phased removal of fuel excise duties with higher carbon taxes. Iceland's Finance Minister, Daði Már Kristófersson,
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Romania gazettes ordinance amending global minimum tax rules
The Ordinance updates Law No. 431/2023 to implement the Pillar 2 global minimum tax under EU Directive 2022/2523. Romania has published Ordinance No. 21 of 28 August 2025 in the Official Gazette on 29 August 2025. Government Ordinance No.
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Ireland: Irish Revenue releases Pillar 2 Registration guidance
The guidance offers comprehensive instructions on how to register for Pillar 2 taxes. Irish Revenue has released eBrief No. 170/25 on Tax and Duty Manual Part 04A-01-01A on 5 September 2025, providing comprehensive guidance on the registration
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Netherlands releases Q&As on Minimum Tax Act 2024
The Q&As offer practical guidance for implementing the Minimum Tax Act 2024 in the Netherlands. The Netherlands tax authority has released a Q&A document on the Minimum Tax Act 2024. This document compiles questions submitted to the
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Czech Republic gazettes amendment to minimum tax law
The bill extends Czech filing deadlines: tax returns are now due 22 months after the tax period (up from 10 months), and information returns 15 months (18 months for first filings), up from 10 months. The Czech Republic's
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UK: HMRC updates guidance on Pillar 2 top-up taxes reporting, registration
HMRC has refreshed its guidance on registering and reporting Pillar 2 Top-up Taxes, clarifying who can file, what information is needed, and when returns are due. UK HMRC updated their guidelines on “How to report Pillar 2 Top-up Taxes” and
See MoreAustralia: ATO consults Pillar Two filing exemptions for nil top-up tax cases
The deadline for submitting feedback is 24 September 2025. The Australian Taxation Office (ATO) has initiated a public consultation on a draft legislative instrument on 28 August 2025, aimed at easing compliance for multinational enterprise
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Brazil consults changes to net profit social contribution (Pillar Two QDMTT)
The consultation period will conclude on 14 September 2025. Brazil's Federal Revenue Service (RFB) has initiated a public consultation to discuss proposed amendments to Normative Instruction RFB No. 2.228 of 3 October 2024, which governs the
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Romania: MoF issues draft ordinance, proposes amendments to global minimum tax rules and direct taxes outlined in Fiscal Code
The Ministry of Finance has proposed legislative amendments to the Pillar Two global minimum tax and corporate income tax in the Fiscal Code. Romania’s Ministry of Finance has recently introduced two legislative amendments: one proposes
See MoreAustralia gazettes Taxation (Multinational-Global, Domestic Minimum Tax, Qualified Globe Taxes) Determination 2025 legislative instrument
The legislative instrument takes effect on 27 August 2025 and remains applicable until 1 April 2035. The Australian Official Gazette has published a legislative instrument “Taxation (Multinational-Global and Domestic Minimum Tax) (Qualified
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