African Tax Administration Forum (ATAF) | Draft Legislation | N/A | Yes | ATAF Releases Draft Domestic Minimum Tax Legislation |
Australia | Consultation | Expected 2024 | Expressed Interest | Australia’s Consultation on Pillar Two |
Bahamas | Working Group | N/A | Awaiting Details | The Bahamas & Cayman Islands Approach To The Global Minimum tax
See our Pillar Two Developments Tracker |
Belgium | Proposal | 2024 | Awaiting Details | See our Pillar Two Developments Tracker |
Bermuda | Working Group | N/A | Awaiting Details | Bermuda’s Plans For a Global Minimum Tax |
Brazil | Commentary | N/A | N/A | OECD Recommends Global Minimum Tax is Included in Brazil’s Tax Reform |
British Virgin Islands (BVI) | Commentary | N/A | No | See The BVI is Taking a Different Approach to the Bahamas for Pillar 2 |
Canada | Awaiting Draft Legislation | Expected 2024 | Expressed Interest | See our Pillar Two Developments Tracker |
Cayman Islands | Commentary | N/A | No | See our Pillar Two Developments Tracker |
China | Commentary | N/A | N/A | Chinese Developments in Global Minimum Tax Implementation
A Review of China’s Tax Law From a Pillar Two Perspective |
Estonia | Commentary | N/A | Awaiting Details | Pillar Two GloBE Rules and Estonia’s Distribution Tax |
European Union | Enacted | 2024 | Left to Individual EU Jurisdictions | Full Steam Ahead For EU Pillar Two Implementation
Review of the Draft EU Pillar Two Directive |
Hong Kong | Proposal | 2025 | Planned for 2025 | Hong Kong to Implement Global Minimum Tax in 2025
See our Pillar Two Developments Tracker |
Hungary | Commentary | 2024 | Awaiting Details | Hungary’s Prime Minister Reiterates the Local Business Tax is a Covered Tax for GloBE Purposes |
India | Commentary | N/A | N/A | India’s Tax Regime after Pillar Two: Key Risks and Opportunities |
Indonesia | Partial Enactment | 2024 | Awaiting Details | Indonesian Regulation Signals Global Minimum Tax Implementation
Director of Indonesian Tax Authority Confirms Planned 2024 GloBE Implementation
See our Pillar Two Developments Tracker |
Ireland | Consultation | 2024 | Awaiting Details | Irish 2022 Finance Bill Changes for Pillar Two |
Israel | Commentary | Commentary | Awaiting Details | Key Risks for MNEs Operating in Israel after Pillar Two |
Japan | Draft Law | April 2024 | Being 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 |
Jersey | Consultation/Awaiting Draft Legislation | Expected 2024 | Expressed Interest | Jerseys approach to Pillar Two implementation |
Liechtenstein | Awaiting Consultation in March 2023 | 2024 | Awaiting Details | Liechtenstein to Consult on Pillar Two Global Minimum Tax |
Luxembourg | Commentary | N/A | Awaiting Details | Luxembourg Private Debt Funds and Pillar Two |
Malaysia | Proposal | 2024 | Planned for 2024 | Today’s Malaysian 2023 Revised Budget Stands by 2024 Global Minimum Tax
Malaysia to Implement Global Minimum Tax & QDMTT in 2024 |
Malta | Commentary | 2030 | Awaiting Details | See our Pillar Two Developments Tracker |
Mauritius | Partial Enactment | N/A | Included in Finance Act – Awaiting Details | Mauritius 2022 Finance Act includes Pillar Two Top-Up Tax |
Mexico | Working Group | 2024 | Awaiting Details | See our Pillar Two Developments Tracker |
New Zealand | Awaiting Draft Legislation | N/A | Consultation was Non-Committal, therefore Awaiting Details | New Zealand’s Approach to Pillar Two |
Nigeria | Rejected | N/A | N/A | The Impact of Nigeria’s Rejection of Both Pillar 1 and 2 |
Oman | Commentary | N/A | N/A | Oman’s Tax Regime and Pillar Two |
Paraguay | Working Group | N/A | Awaiting Details | See our Pillar Two Developments Tracker
Paraguay’s Significant Pillar Two Risk |
Philippines | Commentary | N/A | N/A | The Philippines Tax Regime and the Pillar Two GloBE Rules |
Qatar | Commentary | 15% | Awaiting Details | See our Pillar Two Developments Tracker |
Singapore | Proposal | 2025 | Planned for 2025 | Singapore To Implement Pillar Two From 2025
A Pillar Two Review of Singapore’s Tax System |
South Africa | Awaiting Consultation | 2025 | Awaiting Details | See South Africa Confirms Global Minimum Tax In 2024 Taxation Laws Amendment Bill |
South Korea | Enacted | 2024 | No | 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 |
Spain | Consultation | 2024 | Expressed Interest | Spain Opens a Consultation on the Global Minimum Tax |
Sweden | Consultation/Draft Law | 2024 | Proposed | GloBE Country Guide: Sweden
Review of the Draft Swedish Global Minimum Tax Law
English Translation of the Swedish Draft Global Minimum Tax Law |
Switzerland | Draft Law & Draft Constitutional Amendment | 2024 | Yes, Planned for 2024 | GloBE Country Guide: Switzerland
Analysis of Switzerland’s Draft Pillar Two Decree
Switzerland Approves the GloBE Rules |
Taiwan | Proposal/Commentary | 2024 | Awaiting Details | A Pillar Two Review of Taiwan’s Tax Regime
Taiwan To Increase Its Domestic Minimum Tax Rate From 2024 |
Thailand | Proposal | 2025 | Expressed Interest | Thai Cabinet Approves Global Minimum Tax Proposal
Thailand’s Tax Incentive Regime and Pillar Two |
The Netherlands | Draft Legislation | 2024 | Yes, Planned for 2025 | GloBE Country Guide: The Netherlands
Key Takeaways From the Dutch Draft Pillar Two Legislation |
UAE | Commentary | N/A | N/A | UAEs New Corporate Tax Law and Pillar Two |
United Kingdom | Draft Legislation | 2024 | Yes – 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 States | Commentary | N/A | N/A | U.S Updates its GloBE Impact Document
See our Pillar Two Developments Tracker |
Vietnam | Working Group | N/A | Awaiting 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 |