EU Member States have reached unanimous agreement to implement the 15 per cent minimum corporation tax component of the OECD's reform of international taxation, known as Pillar Two. Hungary has now agreed to lift its veto. The directive applies an income inclusion rule and a backup undertaxed profits rule to entities with combined annual turnover above EUR750 million, even those with wholly domestic operations. It must be transposed into each Member State’s national law by the end of 2023.
News Source：【Council of the European Union 2022/12/12】