The Irish government issued a Feedback Statement on the Pillar Two Global Minimum Tax. It includes draft legislation and outlines possible draft legislative approaches to key elements of the GloBE Rules. It is open for comments until May 8 2023. A second Feedback Statement is planned to be published in mid 2023, which will include more
detailed draft legislation and will reflect the outcome of the consultation. The final draft
legislation is planned to be included in the autumn 2023. Finance Bill As Ireland’s 12.5% trading rate of corporation tax is below the 15% global minimum rate, Ireland will also include a Qualified Domestic Minimum Top Up Tax (QDMTT) to ensure it
retains primary taxing rights
