Understanding the new EU Minimum Tax Directive [Council Directive EU2022/2523]
On the 20th February 2024, the European Union Global Minimum Level of Taxation for Multinational Enterprise Groups and Large-Scale Domestic Groups Regulations, 2024 were enacted to transpose Directive (EU) 2022/2523. Concurrently, the Commissioner for Tax and Customs published guidelines to facilitate their implementation.
Update on the Digital Operational Resilience Act (“DORA” or “Regulation (EU) 2022/2554”)
The MFSA noted that DORA will be supplemented by Regulatory/Implementing Technical Standards, (the “Technical Standards”) which are currently being drafted by the European Supervisory Authorities (the “ESAs”) through the Joint Committee. The delivery deadlines for the Technical Standards are set out in Annex 1 of the circular published in January 2023.