Five EU Countries Postpone Minimum Tax Implementation

Five European Union countries will delay implementing the global minimum tax because of the small number of in-scope companies headquartered in their territories, a notice published in the EU Official Journal on Tuesday said.

Estonia, Latvia, Lithuania, Malta and Slovakia notified the European Commission, the EU’s executive, that they will exercise an exemption allowed by the EU minimum tax directive, which permits delayed implementation for countries with fewer than 12 companies in scope of the tax, the notice said.

• These countries can delay minimum tax implementation for six years. Other EU countries must start to operate the minimum-tax rule in ...