The EP has approved the introduction of a global minimum corporate tax rate

By: Trademagazin editor Date: 2022. 05. 19. 11:10

MEPs have approved a Commission proposal to make an international agreement on a global corporate tax rate of at least 15% mandatory, the EU parliament said on Thursday.

European Parliament backs global minimum corporate tax

At the European Parliament’s plenary session in Brussels, the report on the directive on the global minimum corporate tax rate was adopted with 503 votes in favor, 46 against and 48 abstentions.

In order to ensure that the legislation is applied as soon as possible, the EP has retained the key elements of the Commission’s proposal and, inter alia, has not changed the timetable for transposing the legislation into national law and its deadline of 31 December 2022. (Gebauer Szabolcs, MTI)