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The global minimum tax: how it works, the deadlines putting pressure on large corporate groups, and how it is transforming the tax function

The global minimum tax: how it works, the deadlines putting pressure on large corporate groups, and how it is transforming the tax function

Author: Razvan Ungureanu, Partner, International Tax Advisory Services Leader, EY Romania

The implementation of the OECD’s Pillar Two has moved from the legislative phase to the stage of actual compliance; multinational and domestic groups with consolidated revenues exceeding 750 million euros now face concrete obligations regarding the calculation, reporting, and declaration of the top-up tax.

In Romania, this mechanism is regulated by Law no. 431/2023, which transposes...

For more information, please see the Romanian version of the article, here.

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ERNST & YOUNG SRL
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