European Union Global Minimum Level of Taxation for Multinational Enterprise Groups and Large-Scale Domestic Groups (Amendment) Regulations, 2024

This regulation introduces an amendment to the rules establishing a global minimum level of taxation. It aims to ensure that large multinational enterprises and large-scale domestic groups pay a fair share of tax in the jurisdictions where they operate, preventing profit shifting to low-tax regions. Large multinational corporations and significant domestic business groups will be affected. The regulation ensures they are subject to a minimum effective tax rate, promoting fair competition and protecting national tax bases.