S.L. 123.212 Art. 9Transitional relief for the substance- based income exclusion.

(1) For the purpose of applying Article 28(3) of the

European Union Global Minimum Tax Directive, the value of five percent (5%) shall be replaced, for each fiscal year beginning from st 31 December of the following calendar years, with the values set out in the following table:

Year % 2023 10 2024 9.8 2025 9.6 2026 9.4 2027 9.2 2028 9 2029 8.2 2030 7.4 2031 6.6 2032 5.8

(2) For the purpose of applying Article 28(4) of the European Union Global Minimum Tax Directive, the value of five percent (5%) shall be replaced, for each fiscal year beginning from 31st December of the following calendar years, with the values set out in the following table:

Year % 2023 8 2024 7.8 2025 7.6 2026 7.4 2027 7.2 2028 7 2029 6.6 2030 6.2 2031 5.8 2032 5.4