MTT09970 - Reference materials: List of qualifying taxes
There are three types of taxes which may be determined to be qualifying Pillar Two taxes:
- Income Inclusion Rules (equivalent to MTT collected under the main charging mechanism)
- UTPRs (equivalent to MTT collected under the Undertaxed Profits Rule)
- Domestic Top-up Taxes (when qualifying, Qualified Domestic Minimum Top-up Taxes or 鈥楺DMTTs鈥�)
QDMTTs may also be accredited. If a QDMTT is accredited, groups may make a QDMTT Safe Harbour election for those territories (see MTT15100+).
The UK鈥檚 Pillar Two taxes are specified in primary legislation as qualifying and accredited from their implementation dates. This is set out in section 241, section 256, section 257, and Schedule 16A, paragraph 2 of Finance (No.2) Act 2023.
A territory which has been specified as having a Qualifying Income Inclusion Rule is called a 鈥楶illar Two territory鈥�.
Legislation
Qualifying Pillar Two taxes have been specified in secondary legislation under regulations (鈥榯he Regulations鈥�), titled 鈥楳ultinational Top-up Tax (Pillar Two Territories, Qualifying Domestic Top-up Taxes and Accredited Qualifying Domestic Top-up Taxes) Regulations 2025 (SI 2025/406)鈥�.
Under the Regulations, HMRC will specify by Notice additional territories and taxes which are Pillar Two territories, QDMTTs and accredited QDMTTs.
See MTT09980 for a record of the secondary legislation and notices.
List of Pillar Two territories听
The following are Pillar Two territories, as of these effective dates:
|
Territory听 |
Date听 |
|---|---|
|
Australia听 |
1 January 2024听 |
|
Austria听 |
31 December 2023听 |
|
Belgium听 |
31 December 2023听 |
|
Bulgaria听 |
31 December 2023听 |
|
Canada听 |
31 December 2023听 |
|
Croatia听 |
31 December 2023听 |
|
Czech Republic听 |
31 December 2023听 |
|
Denmark听 |
31 December 2023听 |
|
Finland听 |
31 December 2023听 |
|
France听 |
31 December 2023听 |
|
Germany听 |
31 December 2023听 |
|
Greece听 |
31 December 2023听 |
|
Guernsey听 |
1 January 2025听 |
|
Hungary听 |
31 December 2023听 |
|
Ireland听 |
31 December 2023听 |
|
Italy听 |
31 December 2023听 |
|
Japan听 |
1 April 2024听 |
|
Liechtenstein听 |
1 January 2024听 |
|
Luxembourg听 |
31 December 2023听 |
|
Netherlands听 |
31 December 2023听 |
|
Norway听 |
1 January 2024听 |
|
Republic of Korea听 |
1 January 2024听 |
|
Romania听 |
31 December 2023听 |
|
Slovenia听 |
31 December 2023听 |
|
Spain听 |
31 December 2023听 |
|
Sweden听 |
31 December 2023听 |
|
Turkey听 |
1 January 2024听 |
|
United Kingdom |
31 December 2023 |
|
Vietnam听 |
1 January 2024听 |
听
List of qualifying domestic top-up taxes听
The following territories have QDMTTs, as of these effective dates:
|
Territory听 |
Date听 |
|---|---|
|
Australia听 |
1 January 2024听 |
|
Austria听 |
31 December 2023听 |
|
Barbados听 |
1 January 2024听 |
|
Belgium听 |
31 December 2023听 |
|
Bulgaria听 |
31 December 2023听 |
|
Canada听 |
31 December 2023听 |
|
Croatia听 |
31 December 2023听 |
|
Czechia听 |
31 December 2023听 |
|
Denmark听 |
31 December 2023听 |
|
Finland听 |
31 December 2023听 |
|
France听 |
31 December 2023听 |
|
Germany听 |
31 December 2023听 |
|
Greece听 |
31 December 2023听 |
|
Guernsey听 |
1 January 2025听 |
|
Hungary听 |
31 December 2023听 |
|
Ireland听 |
31 December 2023听 |
|
Italy听 |
31 December 2023听 |
|
Liechtenstein听 |
1 January 2024听 |
|
Luxembourg听 |
31 December 2023听 |
|
Netherlands听 |
31 December 2023听 |
|
Norway听 |
1 January 2024听 |
|
Romania听 |
31 December 2023听 |
|
Slovakia听 |
31 December 2023听 |
|
Slovenia听 |
31 December 2023听 |
|
Spain听 |
31 December 2023听 |
|
Sweden听 |
31 December 2023听 |
|
Switzerland听 |
1 January 2024听 |
|
Turkey听 |
1 January 2024听 |
|
United Kingdom |
31 December 2023 |
|
Vietnam听 |
1 January 2024听 |
听
List of accredited qualifying domestic top-up taxes听
The following territories have QDMTTs that are accredited, as of these effective dates.
At present, all QDMTTs are accredited.
|
Territory听 |
Date听 |
|---|---|
|
Australia听 |
1 January 2024听 |
|
Austria听 |
31 December 2023听 |
|
Barbados听 |
1 January 2024听 |
|
Belgium听 |
31 December 2023听 |
|
Bulgaria听 |
31 December 2023听 |
|
Canada听 |
31 December 2023听 |
|
Croatia听 |
31 December 2023听 |
|
Czechia听 |
31 December 2023听 |
|
Denmark听 |
31 December 2023听 |
|
Finland听 |
31 December 2023听 |
|
France听 |
31 December 2023听 |
|
Germany听 |
31 December 2023听 |
|
Greece听 |
31 December 2023听 |
|
Guernsey听 |
1 January 2025听 |
|
Hungary听 |
31 December 2023听 |
|
Ireland听 |
31 December 2023听 |
|
Italy听 |
31 December 2023听 |
|
Liechtenstein听 |
1 January 2024听 |
|
Luxembourg听 |
31 December 2023听 |
|
Netherlands听 |
31 December 2023听 |
|
Norway听 |
1 January 2024听 |
|
Romania听 |
31 December 2023听 |
|
Slovakia听 |
31 December 2023听 |
|
Slovenia听 |
31 December 2023听 |
|
Spain听 |
31 December 2023听 |
|
Sweden听 |
31 December 2023听 |
|
Switzerland听 |
1 January 2024听 |
|
Turkey听 |
1 January 2024听 |
|
United Kingdom |
31 December 2023 |
|
Vietnam听 |
1 January 2024听 |