African Tax Administration Forum (ATAF) | Draft Legislation | N/A | N/A | Yes | ATAF Releases Domestic Minimum Tax Legislation |
Argentina | Planned for 2024 Budget package | Awaiting Details | Awaiting Details | Awaiting Details | See our Pillar Two Developments Tracker |
Australia | Enacted Legislation
(See our English Translation)
See: Australia: GloBE Country Guide | January 1, 2024 | January 1, 2025 | January 1, 2024 | Australia Submits Pillar 2 Laws to Parliament
A Review of Australia’s Draft Pillar Two Legislation
Australia Issues Update on Global Minimum Tax
Australian Budget Confirms 2024 GloBE Implementation
Australia’s Consultation on Pillar Two
See our Pillar Two Developments Tracker |
Austria | Enacted Legislation (See our English Translation)
See: Austria: GloBE Country Guide | December 31, 2023 | December 31, 2024 | December 31, 2023 | Austria Updates Minimum Tax Act for Aspects of OECD Administrative Guidance
A Review of Austria’s Draft Pillar Two Law |
Bahamas | Draft Legislation
See: Bahamas: GloBE Country Guide | No | No | January 1, 2025 (unless the Group or any of its Constituent Entities is subject to an IIR or UTPR in another jurisdiction in respect of that Fiscal Year) | GloBE Country Guide: The Bahamas
The Bahamas Issues a Policy Paper on a New CIT System, Including a QDMTT
The Bahamas & Cayman Islands Approach To The Global Minimum tax
See our Pillar Two Developments Tracker |
Bahrain | Enacted Legislation (See our English Translation)
See: Bahrain: GloBE Country Guide | No | No | January 1, 2025 | GloBE Country Guide: Bahrain |
Barbados | Draft Legislation
See: Barbados: GloBE Country Guide | No | No | January 1, 2024 | GloBE Country Guide: Barbados
Bermuda and Barbados Announce GloBE Implementation
Barbados 2023 Budget Confirms Global Minimum Tax Proposals Are In Progress |
Belgium | Enacted Legislation (See our English Translation)
See: Belgium: GloBE Country Guide | December 31, 2023 | December 31, 2024 | December 31, 2023 | Belgium Issues a Draft 7 Page QDMTT Return for ConsultationBelgium Extends Registration Deadline to September 16, 2024 if no 2024 GMT Advance Payments
Belgian Royal Decree Sets July 13, 2024 as the Deadline for the First GloBE Notification Form
Belgium’s Pillar Two Notification Form Requires Significant Data Input
Belgium Issues Draft Law to Implement the OECD Administrative Guidance
A Review of Belgium’s Draft Pillar Two Law |
Bermuda | Enacted Legislation | No | No | No | Bermuda Issues Draft Corporate Income Tax Law
Bermuda and Barbados Announce GloBE Implementation
Bermuda Announces 2024 Global Minimum Tax in 2023 Throne Speech
Bermuda Issues Consultation for a Corporate Income Tax
Bermuda’s Plans For a Global Minimum Tax |
Brazil | Enacted Law
See: Brazil: GloBE Country Guide | No | No | January 1, 2025 | Brazil Implements a QDMTT From January 1, 2025Brazil Planning 15% Global Minimum Tax Implementation
OECD Recommends Global Minimum Tax is Included in Brazil’s Tax Reform |
British Virgin Islands (BVI) | Commentary | N/A | N/A | N/A | The BVI is Taking a Different Approach to the Bahamas for Pillar 2 |
Bulgaria | Enacted Legislation (See our English Translation)
See: Bulgaria: GloBE Country Guide | January 1, 2024 | January 1, 2025 | January 1, 2024 | Bulgaria’s GMT Amendment Act Sent to Parliament
Bulgaria Issues a Draft Law to Provide for OECD Administrative Guidance, Including the UTPR Safe Harbour
A Review of Bulgaria’s Draft Pillar Two Law |
Canada | Enacted Legislation
See: Canada: GloBE Country Guide | December 31, 2023 | Draft Law (December 31, 2024) | December 31, 2023 | Canada Issues Explanatory Notes on the Global Minimum TaxA Review of Canada’s Draft GloBE Law |
Cayman Islands | Commentary | N/A | N/A | N/A | See our Pillar Two Developments Tracker |
China | Commentary | N/A | N/A | N/A | Chinese Developments in Global Minimum Tax Implementation
A Review of China’s Tax Law From a Pillar Two Perspective |
Croatia | Enacted Legislation
See: Croatia: GloBE Country Guide | December 31, 2023 | December 31, 2024 | December 31, 2023 | See our Pillar Two Developments Tracker |
Curacao | Draft Legislation | January 1, 2025 | No | January 1, 2025 | |
Cyprus | Draft Legislation (See our English Translation)
See: Cyprus: GloBE Country Guide | December 31, 2023 | December 31, 2024 | December 31, 2024 | Cypriot GMT Law Tabled in Parliament Includes Detailed QDMTT Provisions
Portugal Approves Pillar 2 Law, Bahamas and Cyprus Table Legislation in Parliament
EU Gives Spain, Cyprus, Latvia, Lithuania, Poland and Portugal 2 Months to Enact Domestic Pillar 2 Laws
EU Commission Issues Infringement Decisions Against 9 Member States For Not Enacting Pillar 2
A Review of Cyprus’s Draft Pillar Two Law |
Czech Republic | Enacted Legislation (See our English Translation)
See: Czech Republic: GloBE Country Guide | December 31, 2023 | December 31, 2024 | December 31, 2023 | Czech Republic Amends Draft Law Amending its GloBE LawA Review of the Czech Draft Top-Up Tax Act
GloBE Country Guide: Czech Republic |
Denmark | Enacted Legislation
See: Denmark: GloBE Country Guide | December 31, 2023 | December 31, 2024 | December 31, 2023 | Denmark GloBE Country Guide: Updated for June 2024 Amending LawA Review of the Danish Draft Minimum Tax Act
Danish Tax Authority Issues MNEs a Questionnaire for the GloBE Information Return |
Estonia | Enacted Legislation
See: Estonia: GloBE Country Guide | Art. 50 Postponement to December 31, 2029 | Art. 50 Postponement to December 31, 2029 | No | Estonia Issues Draft Pillar 2 Law Including Art. 50 Postponement
EU Commission Issues Infringement Decisions Against 9 Member States For Not Enacting Pillar 2
See our Pillar Two Developments Tracker
Pillar Two GloBE Rules and Estonia’s Distribution Tax |
European Union | Enacted | December 31, 2023 | December 31, 2024 | Left to Individual EU Jurisdictions | EU Issues DAC 9 Proposal for Centralised GIR Filing Within the EU
The New Zealand and EU Approaches to the Domestic Income Inclusion Rule (DIIR)
EU Commission Issues Infringement Decisions Against 9 Member States For Not Enacting Pillar 2
EU Issues Commission Notice For Jurisdictions Delaying the IIR/UTPR
Mapping the Model Rules to the EU Global Minimum Tax Directive
Full Steam Ahead For EU Pillar Two Implementation
Review of the Draft EU Pillar Two Directive |
Finland | Enacted Legislation (See our English Translation)
See: Finland: GloBE Country Guide | December 31, 2023 | December 31, 2024 | December 31, 2023 | Finland Issues Draft Pillar 2 Amendment Law to Reflect OECD Administrative Guidance
Key Aspects of Finland’s Draft GloBE Law |
France | Enacted Legislation (See our English Translation)
See: France: GloBE Country Guide | December 31, 2023 | December 31, 2024 | December 31, 2023 | France Issues a Decree for Pillar 2 Reporting RequirementsFrance GloBE Country Guide Updated for the 2025 Finance Bill
A Review of France’s Draft Pillar Two Law |
Germany | Enacted Legislation (See our English Translation)
See: Germany: GloBE Country Guide | December 31, 2023 | December 31, 2024 | December 31, 2023 | Germany Issues a Second Discussion Draft to Amend its GMT Law for June 2024 OECD Guidance
German Annual Tax Act Includes GMT AmendmentsGerman MoF Issues Draft Law for AG3 Provisions Including Transitional CbCR and Blended CFC Rules
Germany Releases its Group Parent Notification Form for German Minimum Tax Groups
Germany Includes an Amendment to its GMT Law in the Draft Annual Tax Act
Germany Issues Draft GMT Return For Feedback
Germany Approves and Updates its GloBE Law
Amendments to Germany’s Pillar 2 Regime in the Updated Draft Law
GloBE Country Guide: Germany
Germany Publishes Draft Global Minimum Tax Legislation
German Proposals Include a Pillar Two Whitelist |
Gibraltar | Draft Law
See: Gibraltar: GloBE Country Guide | December 31, 2024 | Awaiting Details | December 31, 2023 | Gibraltar Issues Draft GloBE Law for a DMTT and IIR
Gibraltar 2024 Budget Confirms QDMTT Introduction
See our Pillar Two Developments Tracker |
Greece | Enacted Legislation
See: Greece: GloBE Country Guide | December 31, 2023 | December 31, 2024 | December 31, 2023 | Greece Enacts Pillar Two LawA Review of Greece’s Draft Pillar Two LawEU Commission Issues Infringement Decisions Against 9 Member States For Not Enacting Pillar 2
See our Pillar Two Developments Tracker |
Guernsey | Enacted | January 1, 2025 | No | January 1, 2025 | Guernsey Enacts its Global Minimum Tax Law
Guernsey, Jersey and the Isle of Man Announce a Global Minimum Tax From 2025 |
Hong Kong | Consultation/drafting legislation | January 1, 2025 | Deferred to a later date | January 1, 2025 | Hong Kong Issues Outcome of the Consultation on the Introduction of the GloBE RulesHong Kong to Implement Global Minimum Tax in 2025
See our Pillar Two Developments Tracker |
Hungary | Enacted Law (See our English Translation)
See: Hungary: GloBE Country Guide | December 31, 2023 | December 31, 2024 | December 31, 2023 | Hungary GloBE Registration Form Available for Submission
Hungary Issues GloBE Registration Form and Domestic Filing Entity Form
GMT Amendments in the Hungarian Autumn Tax Package Passed to President for Signature
Hungary Includes GloBE Amendments in its 2024 Autumn Tax Proposal
Hungary Becomes The First EU Member To Enact Pillar 2 Law
Hungary Approves and Updates its GloBE Law
A Review of Hungary’s Draft Pillar Two Law
Hungary’s Prime Minister Reiterates the Local Business Tax is a Covered Tax for GloBE Purposes |
Iceland | Consultation | January 1, 2025 | Awaiting Details | January 1, 2025 | – |
India | Commentary | Awaiting Details | Awaiting Details | Awaiting Details | India’s Tax Regime after Pillar Two: Key Risks and Opportunities |
Indonesia | Partial Enactment + MoF statement | January 1, 2025 | January 1, 2026 | January 1, 2025 | Indonesian Regulation Signals Global Minimum Tax Implementation
Director of Indonesian Tax Authority Confirms Planned 2024 GloBE Implementation
See our Pillar Two Developments Tracker |
Ireland | Enacted Legislation
See: Ireland: GloBE Country Guide | December 31, 2023 | December 31, 2024 | December 31, 2023 | Ireland’s 2024 Finance Act Includes Numerous GMT Adjustments for the OECD Administrative Guidance
Ireland GloBE Country Guide Updated for the 2024 Finance Bill
A Review of Ireland’s Draft Pillar Two Law
Ireland Issues Second Feedback Statement on Pillar Two
Ireland Issues Draft Global Minimum Tax Law For Feedback
Irish 2022 Finance Bill Changes for Pillar Two |
Isle of Man | Draft Law
See: Isle of Man: GloBE Country Guide | January 1, 2025 | No | January 1, 2025 | Isle of Man Parliament Passes the Global Minimum Tax (Pillar Two) Order 2024
Isle of Man Issues Draft Legislation for the IIR and QDMTT from 2025
Isle of Man Announces QDMTT From 2025
Guernsey, Jersey and the Isle of Man Announce a Global Minimum Tax From 2025 |
Israel | Announcement | No | No | January 1, 2026 | Israel to Apply a QDMTT from 2026
Israel Reaffirms Pillar Two Implementation
Key Risks for MNEs Operating in Israel after Pillar Two |
Italy | Enacted Legislation (See our English Translation)
See: Italy: GloBE Country Guide | December 31, 2023 | December 31, 2024 | December 31, 2023 | Italy Issues SBIE Decree to Implement the July 2023 and June 2024 OECD Administrative Guidance
Detailed Analysis of the Italian QDMTT Implementing Decree
Italy Issues a Decree for the Transitional CbCR & UTPR Safe Harbours
A Review of Italy’s Draft Pillar Two Law |
Jamaica | Proposal | No | No | Awaiting Details (Planned Transposition from the OECD Model Rules) | See our Pillar Two Developments Tracker |
Japan | Enacted Law (See our English Translation)
See: Japan: GloBE Country Guide | April 1, 2024 | No | Being Considered for 2025 | Japan Issues Circular for Additional GloBE Guidance
What Japan’s Cabinet Order on Pillar 2 Includes & Doesn’t Include
Overview of Japan’s Latest Ministerial Ordinance on Pillar 2
GloBE Country Guide: Japan
Overview of Japan’s Cabinet Order on the Global Minimum Tax
Japan’s Global Minimum Tax Law Is Enacted
See our Pillar Two Developments Tracker
Japans Pillar 2 Proposals in its 2023 Tax Reform Outline
Japan Submits Draft Pillar Two Law to Parliament
Japan’s Accounting Standards Board Publishes Deferred Tax Guidance For Global Minimum Tax
Sourcing the Japanese Pillar Two Law to the OECD Model Rules |
Jersey | Enacted Law
See: Jersey: GloBE Country Guide | January 1, 2025 | No | No | Jersey GloBE Guide Updated for Final Enacted Law
Jersey to implement an IIR and DMT from January 1, 2025
Guernsey, Jersey and the Isle of Man Announce a Global Minimum Tax From 2025
Jerseys approach to Pillar Two implementation |
Kenya | Draft Legislation | No | No | January 1, 2025 | Kenya Includes a Domestic Minimum Tax in its 2024 Finance Bill
See our Pillar Two Developments Tracker |
Kuwait | Draft Legislation (See our English Translation and our Kuwait: GloBE Country Guide) | No | No | January 1, 2025 | Kuwait Issues a Draft Law to Introduce a Domestic To-Up Tax from 2025
Kuwait Considers Pillar Two Application
IMF Recommends Extension of Kuwait’s CIT For GloBE Implementation |
Latvia | Enacted Legislation
See: Latvia: GloBE Country Guide | Art. 50 Postponement to December 31, 2029 | Art. 50 Postponement to December 31, 2029 | No | Latvian Parliament Adopts Law to Implement EU Minimum Tax Directive
EU Gives Spain, Cyprus, Latvia, Lithuania, Poland and Portugal 2 Months to Enact Domestic Pillar 2 Laws
Latvia Issues Draft Pillar Two Law & Confirms Postponement
EU Commission Issues Infringement Decisions Against 9 Member States For Not Enacting Pillar 2 |
Liechtenstein | Enacted Legislation (See our English Translation)
See: Liechtenstein: GloBE Country Guide | January 1, 2024 | January 1, 2025 | January 1, 2024 | A Review of the Liechtenstein GloBE Regulation
Liechtenstein Publishes Draft Global Minimum Tax Law |
Lithuania | Enacted Legislation (See our English Translation)
See: Lithuania: GloBE Country Guide | Art. 50 Postponement to December 31, 2029 (draft law to apply an IIR from January 1, 2025) | Art. 50 Postponement to December 31, 2029 (draft law to apply a UTPR from January 1, 2025) | No (draft law to apply a QDMTT from January 1, 2025) | Lithuania GloBE Country Guide Updated for Latest Draft Law
EU Gives Spain, Cyprus, Latvia, Lithuania, Poland and Portugal 2 Months to Enact Domestic Pillar 2 Laws
EU Commission Issues Infringement Decisions Against 9 Member States For Not Enacting Pillar 2
Lithuania Issues Draft Pillar Two Law & Confirms Postponement |
Luxembourg | Enacted Legislation (See our English Translation)
See: Luxembourg: GloBE Country Guide | December 31, 2023 | December 31, 2024 | December 31, 2023 | Luxembourg GloBE Guide Updated for October 2024 Amendments to Draft LawLuxembourg Government Approves Draft Law to Include Additional OECD Administrative Guidance
Luxembourg Updates its Draft GloBE Law for OECD Administrative Guidance
Key Aspects of the Luxembourg Draft GloBE Law
Luxembourg Government Approves Pillar Two Bill
Luxembourg Private Debt Funds and Pillar Two |
Malaysia | Enacted Legislation
See: Malaysia: GloBE Country Guide | January 1, 2025 | No | January 1, 2025 | GloBE Country Guide: Malaysia
A Review of Malaysia’s Draft Pillar Two Law
Malaysia’s 2024 Budget Proposes GloBE Implementation from 2025
Today’s Malaysian 2023 Revised Budget Stands by 2024 Global Minimum Tax
Malaysia to Implement Global Minimum Tax & QDMTT in 2024 |
Malta | Enacted Legislation
See: Malta: GloBE Country Guide
| Art. 50 Postponement to December 31, 2029 | Art. 50 Postponement to December 31, 2029 | No | Malta Enacts EU Minimum Tax Directive With Art. 50 PostponementEU Commission Issues Infringement Decisions Against 9 Member States For Not Enacting Pillar 2
See our Pillar Two Developments Tracker |
Mauritius | Partial Enactment | No | No | Included in Finance Act – Awaiting Details | Mauritius 2022 Finance Act includes Pillar Two Top-Up Tax |
Mexico | Working Group | Awaiting Details | Awaiting Details | Awaiting Details | See our Pillar Two Developments Tracker |
New Zealand | Enacted Legislation
See: New Zealand: GloBE Country Guide | January 1, 2025 | January 1, 2025 | No (But a domestic IIR from January 1, 2026) | The New Zealand and EU Approaches to the Domestic Income Inclusion Rule (DIIR)
New Zealand Updates Draft Global Minimum Tax Law & Delays Domestic IIR to 2026
New Zealand Issues Draft Global Minimum Tax Law
New Zealand’s Approach to Pillar Two
Direct Transposition of the GloBE Rules: Different Approaches By Switzerland & New Zealand |
Nigeria | Rejected | No | No | No | Nigeria Reconsidering Its Approach To Pillar Two
The Impact of Nigeria’s Rejection of Both Pillar 1 and 2 |
Norway | Enacted Law (See our English Translation)
See: Norway: GloBE Country Guide | January 1, 2024 | No (proposed in 2024 Budget to apply from 2025) | January 1, 2024 | Norway GloBE Guide Updated for Amended RegulationsNorway Sends its Updated GloBE Law to Parliament
Norway Issues Consultation and Draft Law For Pillar 2 Rules |
Oman | Commentary | Awaiting Details | Awaiting Details | Awaiting Details | Oman’s Tax Regime and Pillar Two |
Paraguay | Working Group | Awaiting Details | Awaiting Details | Awaiting Details | See our Pillar Two Developments Tracker
Paraguay’s Significant Pillar Two Risk |
Philippines | Commentary | Awaiting Details | Awaiting Details | Awaiting Details | The Philippines Tax Regime and the Pillar Two GloBE Rules |
Poland | Enacted Law
See: Poland: GloBE Country Guide | January 1, 2025 (option to apply from January 1, 2024) | January 1, 2025 | January 1, 2025 (option to apply from January 1, 2024) | Poland Enacts its Global Minimum Tax Law
GloBE Country Guide: Poland
Poland to Delay Pillar Two Implementation to 2025
EU Gives Spain, Cyprus, Latvia, Lithuania, Poland and Portugal 2 Months to Enact Domestic Pillar 2 Laws
EU Commission Issues Infringement Decisions Against 9 Member States For Not Enacting Pillar 2
Delays in Poland’s Domestic Legislation |
Portugal | Enacted Legislation
See: Portugal: GloBE Country Guide | December 31, 2023 | December 31, 2024 | December 31, 2023 | GloBE Country Guide: Portugal
EU Gives Spain, Cyprus, Latvia, Lithuania, Poland and Portugal 2 Months to Enact Domestic Pillar 2 Laws
EU Commission Issues Infringement Decisions Against 9 Member States For Not Enacting Pillar 2 |
Puerto Rico | Consultation | – | – | – | |
Qatar | Draft Law | Awaiting Details | Awaiting Details | Awaiting Details | See our Pillar Two Developments Tracker |
Romania | Enacted Legislation (See our English Translation)
See: Romania: GloBE Country Guide | December 31, 2023 | December 31, 2024 | December 31, 2023 | GloBE Country Guide: Romania
A Review of Romania’s Draft Pillar Two Law |
Singapore | Enacted Legislation
See: Singapore: GloBE Country Guide
| January 1, 2025 | No | January 1, 2025 | Singapore Global Minimum Tax Law has been Published in the Official GazetteSingapore Global Minimum Tax Law has been Published in the Official GazetteSingapore Issues Draft Legislation for OECD Safe HarboursSingapore Introduces its Draft GloBE Law to Parliament
Singapore To Implement Pillar Two From 2025
A Pillar Two Review of Singapore’s Tax System |
Slovakia | Enacted Legislation (See our English Translation)
See: Slovakia: GloBE Country Guide | Art. 50 Postponement to December 31, 2029 | Art. 50 Postponement to December 31, 2029 | December 31, 2023 | Slovakian Parliament Approves the GMT Amendment Law
Slovakia’s GloBE Law Applies the EU’s IIR/UTPR Postponement Provision
See our Pillar Two Developments Tracker
Slovakia Issues Draft Pillar Two Law |
Slovenia | Enacted Legislation
See: Slovenia: GloBE Country Guide | December 31, 2023 | December 31, 2024 | December 31, 2023 | GloBE Country Guide: Slovenia |
South Africa | Draft Legislation
See: South Africa: GloBE Country Guide | January 1, 2024 | No | January 1, 2024 | South Africa Country Guide Updated for Latest Draft Laws
GloBE Country Guide: South AfricaSouth Africa Issues a Draft Law to Transpose the OECD GloBE Rules & Adopts an ‘Ambulatory’ Approach
South Africa Issues Draft Global Minimum Tax Bill
South Africa Confirms Global Minimum Tax In 2024 Taxation Laws Amendment Bill |
South Korea | Enacted Law (See our English Translation)
See: South Korea: GloBE Country Guide | January 1, 2024 | January 1, 2025 | No | A Review of South Korea’s Pillar Two Amendments to its Enforcement Regulation
South Korea Releases Pillar Two Forms, Including GloBE Information Return & GloBE Tax Return
A Review of South Korea’s Latest GloBE Amendments
South Korea Issues Draft Pillar 2 Amendment Law
Sourcing the South Korean Pillar Two Law to the OECD Model Rules
GloBE Country Guide: South Korea
First Domestic Pillar Two Global Minimum Tax Law EnactedAnalysis of South Korea’s Draft Pillar Two Law
English Translation of the South Korean Pillar Two Law
The South Korean PE Risk Under Pillar Two |
Spain | Draft Legislation (See our English Translation)
See: Spain: GloBE Country Guide | December 31, 2023 | December 31, 2024 | December 31, 2023 | Spanish Parliament Publishes Draft GMT Law
EU Gives Spain, Cyprus, Latvia, Lithuania, Poland and Portugal 2 Months to Enact Domestic Pillar 2 Laws
EU Commission Issues Infringement Decisions Against 9 Member States For Not Enacting Pillar 2
Spain Issues Draft Pillar Two Legislation
Spain Opens a Consultation on the Global Minimum Tax |
Sweden | Enacted Legislation (See our English Translation)
See: Sweden: GloBE Country Guide | December 31, 2023 | December 31, 2024 | December 31, 2023 | Sweden Issues Proposed Draft Legislation to Implement OECD Administrative Guidance
GloBE Country Guide: Sweden
Review of the Draft Swedish Global Minimum Tax Law
English Translation of the Swedish Draft Global Minimum Tax Law |
Switzerland | Enacted Legislation & Constitutional Amendment (See our English Translation)
See: Switzerland: GloBE Country Guide | January 1, 2025 | No | January 1, 2024 | Swiss Federal Council Issues Amended Minimum Tax Ordinance for the IIR
GloBE Country Guide: Switzerland
Switzerland Applies IIR From January 1, 2025Switzerland Issues Report on Cantonal Pillar 2 Developments
Swiss Referendum Approves 2024 Global Minimum Tax
Switzerland Issues Second Consultation on the GloBE Rules
GloBE Country Guide: Switzerland
Analysis of Switzerland’s Draft Pillar Two Decree
Switzerland Approves the GloBE Rules
Direct Transposition of the GloBE Rules: Different Approaches By Switzerland & New Zealand |
Taiwan | No Legislative Schedule Provided | Awaiting Details | Awaiting Details | Awaiting Details | Taiwan’s Ministry of Finance Confirms No Timeline for Pillar 2 Implementation
A Pillar Two Review of Taiwan’s Tax Regime
Taiwan To Increase Its Domestic Minimum Tax Rate From 2024 |
Thailand | Draft Legislation
See: Thailand: GloBE Country Guide | January 1, 2025 | January 1, 2025 | January 1, 2025 | GloBE Country Guide: Thailand
Thai Cabinet Approves Global Minimum Tax Proposal
Thailand’s Tax Incentive Regime and Pillar Two |
The Netherlands | Enacted Legislation (See our English Translation)
See: The Netherlands: GloBE Country Guide | December 31, 2023 | December 31, 2024 | December 31, 2023 | The Netherlands Issues GloBE Amendments for OECD Administrative Guidance
The Netherlands Sends GloBE Minimum Tax Act to Parliament
GloBE Country Guide: The Netherlands
Key Takeaways From the Dutch Draft Pillar Two Legislation |
Turkey | Enacted Legislation
See: Turkey: GloBE Country Guide | January 1, 2024 | January 1, 2025 | January 1, 2024 | Turkey Gazettes Pillar 2 IASB Amendments |
UAE | Announcement, Consultation + High Level Amendments to CIT Law | No | No | January 1, 2025 | A Review of the UAE Consultation on the Introduction of the GloBE Rules
See our Pillar Two Developments Tracker
UAEs New Corporate Tax Law and Pillar Two |
United Kingdom | IIR/QDMTT: Enacted Law
UTPR: Proposed in the 2024-2025 Finance Bill
See: The UK: GloBE Country Guide | 31 December 2023 | 31 December 2024 (confirmed in the 2024-2025 Finance Bill) | 31 December 2023 | Review of the Pillar 2 Provisions in the UK Finance Bill 2024-2025
UK Issues Further Draft Pillar 2 Guidance
UK to Apply Transitional CbCR Safe Harbour Anti-Avoidance Rule From March 14, 2024
UK Enacts 2024 Finance Act to Implement the OECD Administrative Guidance
Review of the UK Draft UTPR Law
UK Enacts New Multinational Top-Up Tax From December 31, 2023
UK Issues First Tranche of Draft Guidance on Global Minimum Tax
Key Differences in Excluded Entities Between OECD Model Rules & UK Draft LegislationReview of the UK Global Minimum Tax in Yesterday’s 2023 Spring Finance Bill
GloBE Country Guide: The United Kingdom
UK Confirms 2024 Global Minimum Tax & QDMTT in 2023 Spring Budget
A Review of the UK Draft Pillar Two Legislation
UK Pushes Forward With Pillar Two
UK Proposes Amendments to Global Minimum Tax Rules
A Review of the UK QDMTT and the OECD Administrative Guidance |
United States | Commentary | No | No | No | U.S Updates its GloBE Impact Document
See our Pillar Two Developments Tracker |
Vietnam | Resolution Enacted
See: Vietnam: GloBE Country Guide | January 1, 2024 | No | January 1, 2024 | Vietnam Issues a Draft Decree for Detailed GloBE Provisions
Vietnam Issues a Draft Decree for Detailed GloBE ProvisionsSee our Pillar Two Developments Tracker
Vietnam Issues Draft Pillar 2 Resolution
Vietnamese Government Issues Resolution To Speed-Up Global Minimum Tax
The Thorny Issue of Pillar Two in Vietnam
Chairman of the Vietnamese National Assembly Confirms Pillar 2 Implementation Is Progressing |
Zimbabwe | Legislation enacted | No | No | Domestic minimum tax | |