On August 16, 2023, the German Federal Cabinet passed a draft law to implement 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. The Draft law also contains accompanying measures.
The aim of the draft law is to implement central elements of the international agreements on Pillar 2 of the so-called two-pillar solution and to implement additional accompanying measures.
In addition, accompanying tax measures and amendments to the German Commercial Code are included in the draft law. The accompanying tax measures are in particular intended to contribute to tax simplification and to the reduction of bureaucracy.
The draft as passed by the German Cabinet on August 16, 2023 can be found here. (in the German language)
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