Representatives of the State Tax Service learn implementation practices of the EU Directive on minimum taxation

Press service of the State Tax Service of Ukraine, published 27 December 2023 at 16:18 Chapter: News

Representatives of the State Tax Service took part in the online seminar "Global Anti-Base Erosion (GLoBE) in the EU: Council Directive on ensuring global minimum taxation level for international groups of companies in the EU (Pillar Two Directive)".  

Event was organized with support of the EU4PFM international technical assistance project for the Ministry of Finance and the State Tax Service and became a platform for learning implementation practices of the EU Directive on minimum taxation.

The EU Directive on minimum taxation is important step towards global tax reform, which was implemented in all EU member states in 2023.

Directive fulfills the EU's global tax reform commitments under the OECD/G20 Enhanced Cooperation on Base Erosion and Profit Shifting (BEPS) Program to address challenges of globalization and digitization (OECD Two-Part Model Rules on minimum taxation).

Directive aims to set minimum global tax rate of 15% for large groups of companies operating in the EU. These rules apply to all large groups of companies (whether domestic or international) that have annual turnover of more than 750 million Euro and have a parent or subsidiary in the EU member state.

The two-component reform of the international tax system plays important role in creating fair and just tax systems and strengthening international standards in the context of new and changing business models.