The Luxembourg government has issued a release announcing the approval of the draft law for the implementation of the Pillar 2 global minimum tax in accordance with Council Directive (EU) 2022/2523 of 14 December 2022 ( previous coverage). As explained in the release, the draft law provides for the introduction of the Pillar 2 income inclusion rule (IIR) and the undertaxed payment/profit rule (UTPR) in order to ensure a minimum tax level of 15% for MNE group with annual consolidate revenue o…