On 6 June 2024, the Latvian Saeima (parliament) approved, in the third and final reading, the Law on Ensuring a Global Minimum Tax Level for Large Enterprise Groups, which must now be signed by the president and published in the Official Gazette to enter into force. As previously reported, Latvia has opted to delay the application of the Pillar 2 global minimum tax (GloBE) rules as allowed by Council Directive (EU) 2022/2523 for EU Member States in which no more than 12 ultimate parent entit…