Italy's Ministry of Finance has announced the issuance of the Decree of 1 July 2024, which contains the provisions for implementing the Qualified Domestic Minimum Top-up Tax (QDMTT). The QDMTT was introduced as part of Legislative Decree No. 209 of 27 December 2023, which implemented the Pillar 2 global minimum tax in accordance with Council Directive (EU) 2022/2523 of 14 December 2022. The QDMTT is applied in priority over the Pillar 2 income inclusion rule (IIR) and the undertaxed payment…