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Domestic GloBE Implementation

Estimated Critical Mass After Draft/Proposed Legislation Is Enacted

CountryStatusImplementation QDMTTAnalysis
African Tax Administration Forum (ATAF)Draft LegislationN/AYes
  • ATAF Releases Draft Domestic Minimum Tax Legislation
  • AustraliaConsultationExpected 2024Expressed Interest
  • Australia’s Consultation on Pillar Two
  • BahamasWorking GroupN/AAwaiting Details
  • The Bahamas & Cayman Islands Approach To The Global Minimum tax
  • See our Pillar Two Developments Tracker
  • BelgiumProposal2024Awaiting Details
  • See our Pillar Two Developments Tracker
  • BermudaWorking GroupN/AAwaiting Details
  • Bermuda’s Plans For a Global Minimum Tax
  • BrazilCommentaryN/AN/A
  • OECD Recommends Global Minimum Tax is Included in Brazil’s Tax Reform
  • British Virgin Islands (BVI)CommentaryN/ANo
  • See The BVI is Taking a Different Approach to the Bahamas for Pillar 2
  • CanadaAwaiting Draft LegislationExpected 2024Expressed Interest
  • See our Pillar Two Developments Tracker
  • Cayman IslandsCommentaryN/ANo
  • See our Pillar Two Developments Tracker
  • ChinaCommentaryN/AN/A
  • Chinese Developments in Global Minimum Tax Implementation
  • A Review of China’s Tax Law From a Pillar Two Perspective
  • EstoniaCommentaryN/AAwaiting Details
  • Pillar Two GloBE Rules and Estonia’s Distribution Tax
  • European UnionEnacted 2024Left to Individual EU Jurisdictions
  • Full Steam Ahead For EU Pillar Two Implementation
  • Review of the Draft EU Pillar Two Directive
  • Hong KongProposal2025Planned for 2025
  • Hong Kong to Implement Global Minimum Tax in 2025
  • See our Pillar Two Developments Tracker
  • HungaryCommentary2024Awaiting Details
  • Hungary’s Prime Minister Reiterates the Local Business Tax is a Covered Tax for GloBE Purposes
  • IndiaCommentaryN/AN/A
  • India’s Tax Regime after Pillar Two: Key Risks and Opportunities
  • IndonesiaPartial Enactment2024Awaiting Details
  • Indonesian Regulation Signals Global Minimum Tax Implementation
  • Director of Indonesian Tax Authority Confirms Planned 2024 GloBE Implementation
  • See our Pillar Two Developments Tracker
  • IrelandConsultation2024Awaiting Details
  • Irish 2022 Finance Bill Changes for Pillar Two
  • IsraelCommentaryCommentaryAwaiting Details
  • Key Risks for MNEs Operating in Israel after Pillar Two
  • JapanDraft LawApril 2024Being Considered for 2025
  • See our Pillar Two Developments Tracker,
  • Japans Pillar 2 Proposals in its 2023 Tax Reform Outline
  • Japan Submits Draft Pillar Two Law to Parliament
  • JerseyConsultation/Awaiting Draft LegislationExpected 2024Expressed Interest
  • Jerseys approach to Pillar Two implementation
  • LiechtensteinAwaiting Consultation in March 20232024Awaiting Details
  • Liechtenstein to Consult on Pillar Two Global Minimum Tax
  • LuxembourgCommentaryN/AAwaiting Details
  • Luxembourg Private Debt Funds and Pillar Two
  • MalaysiaProposal2024Planned for 2024
  • Today’s Malaysian 2023 Revised Budget Stands by 2024 Global Minimum Tax
  • Malaysia to Implement Global Minimum Tax & QDMTT in 2024
  • MaltaCommentary 2030Awaiting Details
  • See our Pillar Two Developments Tracker
  • MauritiusPartial EnactmentN/AIncluded in Finance Act – Awaiting Details
  • Mauritius 2022 Finance Act includes Pillar Two Top-Up Tax
  • MexicoWorking Group2024Awaiting Details
  • See our Pillar Two Developments Tracker
  • New ZealandAwaiting Draft LegislationN/AConsultation was Non-Committal, therefore Awaiting Details
  • New Zealand’s Approach to Pillar Two
  • NigeriaRejectedN/AN/A
  • The Impact of Nigeria’s Rejection of Both Pillar 1 and 2
  • OmanCommentaryN/AN/A
  • Oman’s Tax Regime and Pillar Two
  • ParaguayWorking GroupN/AAwaiting Details
  • See our Pillar Two Developments Tracker
    Paraguay’s Significant Pillar Two Risk
  • PhilippinesCommentaryN/AN/A
  • The Philippines Tax Regime and the Pillar Two GloBE Rules
  • QatarCommentary15%Awaiting Details
  • See our Pillar Two Developments Tracker
  • SingaporeProposal2025Planned for 2025
  • Singapore To Implement Pillar Two From 2025
  • A Pillar Two Review of Singapore’s Tax System
  • South AfricaAwaiting Consultation2025Awaiting Details
  • See South Africa Confirms Global Minimum Tax In 2024 Taxation Laws Amendment Bill
  • South KoreaEnacted2024No
  • GloBE Country Guide: South Korea
  • First Domestic Pillar Two Global Minimum Tax Law Enacted
  • Analysis 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
  • SpainConsultation2024Expressed Interest
  • Spain Opens a Consultation on the Global Minimum Tax
  • SwedenConsultation/Draft Law2024Proposed
  • GloBE Country Guide: Sweden
  • Review of the Draft Swedish Global Minimum Tax Law
  • English Translation of the Swedish Draft Global Minimum Tax Law
  • SwitzerlandDraft Law & Draft Constitutional Amendment2024Yes, Planned for 2024
  • GloBE Country Guide: Switzerland
  • Analysis of Switzerland’s Draft Pillar Two Decree
  • Switzerland Approves the GloBE Rules
  • TaiwanProposal/Commentary2024Awaiting Details
  • A Pillar Two Review of Taiwan’s Tax Regime
  • Taiwan To Increase Its Domestic Minimum Tax Rate From 2024
  • ThailandProposal2025Expressed Interest
  • Thai Cabinet Approves Global Minimum Tax Proposal
  • Thailand’s Tax Incentive Regime and Pillar Two
  • The NetherlandsDraft Legislation2024Yes, Planned for 2025
  • GloBE Country Guide: The Netherlands
  • Key Takeaways From the Dutch Draft Pillar Two Legislation
  • UAECommentaryN/AN/A
  • UAEs New Corporate Tax Law and Pillar Two
  • United KingdomDraft Legislation2024Yes – Not In Draft Legislation but included in Spring 2023 Budget
  • 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
  • United StatesCommentaryN/AN/A
  • U.S Updates its GloBE Impact Document
  • See our Pillar Two Developments Tracker
  • VietnamWorking GroupN/AAwaiting Details
  • 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