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Gibraltar publishes proposed legislation for Pillar Two, including Qualified Domestic Top-up Tax

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Gibraltar

  • Legislation recently proposed in Gibraltar includes a domestic top-up tax that first applies to Fiscal Years beginning on or after 31 December 2023.
  • Although earlier announcements by the Government of Gibraltar had indicated that the top-up tax would only apply in 2024 where the parent was in a jurisdiction that had adopted BEPS Pillar Two, that limitation is not included in the proposed legislatio…

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