A European Union directive has come into effect imposing a minimum effective taxation rate of 15% on multinational enterprises that are active in EU Member States. The new directive is based on the OECD's so-called Pillar 2 Tax Reform in 2021. Several EU Member States left it to the last minute to execute the directive, including Luxembourg, Ireland, Hungary, Belgium, Switzerland, and the Netherlands. Five EU countries – Estonia, Latvia, Lithuania, Malta and Slovakia – have postponed the application of the Pillar 2 tax reform for up to six years.
News Source：【European Commission 2024/01/01】