Pillar Two Qualified Domestic Minimum Top-Up Tax OECD/G20 Base Erosion and Profit Shifting Project
Gibraltar has taken an important step in international tax reform, as part of its adoption of the OECD’s Pillar Two Global Anti-Base Erosion (GloBE) Rules, with a firm commitment to introduce a Pillar Two compliant Qualified Domestic Minimum Top-Up Tax. This is a stepping stone to the full implementation of Pillar Two for financial periods beginning after 31st December 2024 as announced by the Chief Minister in his 2023 Budget Speech. This progressive move “reinforces Gibraltar’s position as a compliant and cooperative tax jurisdiction aligning to global standards on base erosion and profit shifting.”