Public Consultation on Pillar Two Minimum Tax Rate Implementation

Minister Donohoe today (Thursday) launched a public consultation seeking stakeholder views on the implementation of the Pillar Two Minimum Tax Rate proposal in Ireland.

In October 2021, Ireland was one of the signatories to an historic OECD/G20 Inclusive Framework agreement to reform the international tax framework as it applies to large corporate groups. The agreed two-pillar solution will address tax challenges arising from digitalisation and globalisation.

Pillar Two primarily consists of the Global anti-Base Erosion (GloBE) rules, which will introduce a global minimum effective tax rate of 15% for in-scope businesses. Work on this is well advanced at an international level, with a proposed EU Directive due to implement the rules in Member States in a coordinated way. As the Pillar Two framework will have significant impacts for Ireland across our fiscal, budgetary and industrial policies, the purpose of this public consultation is to seek the views of stakeholders on the transposition of Pillar Two into Irish law and to consider any challenges in that regard.

In responding to this consultation you are invited to:

• Give your views on the specific questions set out. You do not have to answer every question – you can choose to answer any or all of the questions.
• Provide responses on issues not covered in the paper but which are nevertheless relevant to the introduction of Pillar Two in Ireland.

The consultation period will run from Thursday 26 May to Friday 22 July 2022. Any submissions received after this date may not be considered.

The preferred means of response is by email to: ctreview@finance.gov.ie. Please include “Consultation on Pillar Two” in the subject box.

Alternatively, you may respond by post to:

Consultation on Pillar Two Proposal,

Tax Division, Department of Finance,

Government Buildings,

Upper Merrion Street,

Dublin 2

D02 R583

Please include contact details if you are responding by post.

When responding, please indicate the capacity in which you are contributing to the consultation process, for example as a professional tax adviser, representative body, in an individual capacity or as non-governmental organisation.

Responses to this consultation are subject to the provisions of the Freedom of Information Acts. Parties should also note that responses to the consultation may be published on the Department of Finance website.

Responses to the Public Consultation on Pillar Two Minimum Tax Rate Implementation