Pillar 2 Dashboard

On July 16, 2026 Barbados issued a guidance note: ‘Qualified Domestic Minimum Top-up Tax (QDMTT): Transitional Rule for Fiscal Year 2024 – Transitional Application of Section 5(4) of the Corporation Top-Up Tax Act, 2024-16‘. This provides guidance on the application of its Conditional QDMTT  where some Barbados constituent entities are held through a parent applying an income inclusion rule (IIR), while other Barbados entities in the same multinational group are not exposed to an IIR or UTPR.

On July 13, 2026, the UK government published draft Finance Bill 2026–27 legislation implementing the OECD’s January 2026 Side-by-Side package. The proposals introduce the permanent Simplified ETR Safe Harbour, extend the Transitional CbCR Safe Harbour, provide special treatment for qualifying substance-based tax incentives and implement both the Side-by-Side and Ultimate Parent Entity Safe Harbours.

On July 1, 2026, Australia issued the Taxation (Multinational – Global and Domestic Minimum Tax) Amendment (2026 Measures No. 2) Rules 2026 to amend the Taxation (Multinational – Global and Domestic Minimum Tax) Rules 2024.  The amendments incorporate elements of the OECD Agreed Administrative Guidance issued in December 2023, June 2024 and January 2026.

On July 8, 2026, the Ministry of Economy and Finance extended the deadline for filing the GIR, GloBE tax return and payment of top-up tax to September 1, 2026 (from June 30, 2026).

On June 26, 2026, Cyprus issued Decree No. 272/2026 which lists additional OECD/G20 Inclusive Framework materials issued after the enactment of the Cyprus Pillar Two law in December 2024, including the January 2025 Administrative Guidance, the January 2025 GloBE Information Return, the 2025 Consolidated Commentary, the 2025 Examples, and the January 2026 Side-by-Side package.