Pillar Two Tools & Analysis

Domestic Pillar Two Implementation

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Latest Pillar 2 Developments

June 30, 2025: Kuwait – On June 29, 2025, Kuwait issued Ministerial Resolution No. 55 of 2025 to provide for the Executive Regulations for the QDMTT.

June 30, 2025: USA – On June 28, 2025, the G7 announced agreement on a ‘side-by-side’ system to exempt U.S. parented groups from the Income Inclusion Rule and Undertaxed Profits Rule. It implies that the QDMTT applies and that non-US parent groups will still be subject to the IIR, including on US subsidiaries.

June 27, 2025: Belgium – On June 24, 2025, Belgium issued the draft XML Schema for the QDMTT return. 

June 26, 2025: Hungary – On June 19, 2025, the 2025 Spring Tax Package was published in the Official Gazette.

June 25, 2025: Isle of Man – On June 19, 2025, the updated version of the Global Minimum Tax (Pillar Two) Order 2024 was published. 

For all Pillar 2 Developments, see our Pillar Two Developments Tracker.

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