Gibraltar announces Pillar Two Qualified Domestic Minimum Top-Up Tax

21 December 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, BEPS 2.0|Gibraltar

The Government of Gibraltar has announced a Pillar Two-compliant Qualified Domestic Minimum Top-up Tax.
This is to apply in respect of fiscal years commencing on or after 31 December 2023 for subsidiaries or permanent establishments of multinational enterprise groups if the Ultimate Parent Entity is in a jurisdiction that has introduced the Pillar Two rules.
Full implementation of Pillar Two is planned in respect of financial periods beginning after 31 December 2024.

On 19 December 2023, the Govern…

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