Bermuda’s Plans For a Global Minimum Tax

Slovakia Approves Draft Pillar Two Amendments Implementing the New Tax-Incentive Safe Harbour

August 27, 2026

The Slovak Government has approved draft legislation that would make significant changes to Slovakia’s qualified domestic minimum top-up tax regime. The proposals would implement the OECD’s new Substance-Based Tax Incentives Safe Harbour, extend the Transitional CbCR Safe Harbour and introduce rules preserving Pillar Two filing and payment obligations where a Slovak taxpayer ceases to exist without a legal successor.

Cyprus Consults on Amendments to its QDMTT

August 24, 2026

Cyprus has opened a public consultation on amendments to its Pillar Two legislation intended to address observations from the European Commission and align the domestic rules more closely with OECD guidance. The consultation opened on 30 July 2026 and is scheduled to close on 5 September 2026.

Germany publishes Pillar Two recognition list in amended Minimum Tax Regulation

August 21, 2026

On August 7, 2026, Germany published a regulation that gives domestic legal effect to a jurisdiction-by-jurisdiction list of qualifying Pillar Two jurisdictions.

Mauritius issues Detailed QDMTT Regulations

August 14, 2026

On August 8, 2026, Mauritius issued its QDMTT regulations to implement its QDMTT.

Korea’s 2026 Tax Reform Proposal: Implementing the OECD Pillar Two Side-by-Side Package

August 5, 2026

On 3 August 2026, Korea’s Ministry of Finance and Economy released its 2026 Tax Reform Proposal. Among its international tax measures are proposed amendments intended to implement significant elements of the OECD/G20 Inclusive Framework’s January 2026 Pillar Two Side-by-Side Package.

UAE FTA establishes Pillar Two registration and deregistration deadlines

August 4, 2026

Decision No. 12 of 2026 introduces a seven-month registration period, transitional deadlines and a five-year notification regime for UAE entities within the domestic minimum top-up tax framework.

Qatar Opens Pillar Two Registration Portal and Sets 30 November 2026 Deadline

August 4, 2026

Qatar’s General Tax Authority (GTA) activated its Global and Domestic Minimum Tax registration service through the Dhareeba tax platform on 2 August 2026.

Portugal Publishes Model 64: Pillar Two Top-up Tax Return

August 1, 2026

On 30 July 2026, the Portuguese Government published Portaria No. 318/2026/1, approving Model 64 – the Pillar Two Top-up Tax Return – and its accompanying completion instructions. The Ministerial Order entered into force and took effect on 31 July 2026.

GloBE Country Guide: Monaco

July 31, 2026

Analysis of the domestic implementation of the Pillar Two Global Minimum Tax rules in Monaco for accounting periods beginning on or after December 31, 2026.

Monaco Proposes a Qualified Domestic Minimum Top-up Tax for Fiscal Years Beginning on or After 31 December 2026

July 30, 2026

Monaco has published draft legislation introducing a Qualified Domestic Minimum Top-up Tax (QDMTT) for multinational enterprise groups. The measure is contained in Bill No. 1129 on the minimum taxation of multinational enterprise groups, dated 14 July 2026 and received by Monaco’s Conseil National on 28 July 2026.

Canada proposes retrospective correction to transitional CbCR safe-harbour anti-arbitrage rule

July 29, 2026

On July 23, 2026, Canada has released a proposed targeted amendment to its Global Minimum Tax Act that would broaden the circumstances in which an intra-group financing or investment arrangement must be neutralised when applying the transitional Country-by-Country Reporting (“CbCR”) safe harbour.

Luxembourg Issues Bill No. 8795 to Implement the OECD’s Side-by-Side Pillar Two Package

July 24, 2026

On July 17, 2026, Bill No. 8795 was deposited in the Luxembourg Chamber of Deputies. This would implement the OECD’s January 2026 Side-by-Side package, introduce the permanent Simplified ETR Safe Harbour and extend the Transitional CbCR Safe Harbour.

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