Revenue has published a new Tax and Duty Manual which contains an overview of the administration of Pillar Two rules. In addition, the recently published Tax and Duty Manual regarding the global minimum effective tax rate for large groups and companies has been updated.
The updated manual now includes guidance on the operation of the Pillar Two rules along with the detailed correlation table which cross references the legislation contained within Part 4A of the TCA 1997 with:
- the relevant article of the EU Minimum Tax Directive,
- the relevant article of the OECD Model Rules,
- OECD Commentary, where relevant, and
- OECD Administrative Guidance, where relevant.
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