On October 24, 2022, the Netherlands published the draft bill on Pillar Two called ‘Minimum Tax Rate Act 2024’. This draft bill is open for public consultation until December 5, 2022. Although a bit later than anticipated, the Netherlands is still the first EU country with draft legislation. The draft bill aligns with the latest compromise text of the proposed EU Directive and is largely similar to the OECD Global Anti-Base Erosion (‘GloBE’) Model rules.
In our newsflash Ivo Kuipers and Roelof Gerritsen provide more insight on this matter. Read the full newsflash here.