EU Nearing Full Implementation of Global Minimum Tax Next Year

European Union countries are largely on track to start applying Pillar Two of the global tax deal next year, but the finalization of Pillar One remains uncertain, an EU official said at a European Tax Adviser Federation seminar Wednesday.

The European Commission, the EU’s executive, is “optimistic that all member states will transpose” the EU’s minimum tax framework law “in time and in a very comprehensive way,” said Reinhard Biebel, head of direct tax policy and coordination in the commission’s tax directorate.

The minimum tax directive, agreed to at the end of 2022, sets a common standard for national ...