TaxAtlasGlobal Tax Comparison

OECD Pillar Two Implementation Tracker

Which countries have legislated the 15% global minimum tax (GloBE rules), and when each rule comes into force. Limited to the 46 jurisdictions in the TaxAtlas dataset; status verified against PwC, KPMG, EY, and government sources in June 2026.

Pillar Two applies to MNE groups with consolidated annual revenue ≥ €750M. Smaller companies and individuals are out of scope.
Live
27
Rules in force
Announced
2
Legislated, not yet effective
Partial
0
Some rules only
Deferred
2
EU Article 50 carve-out
None
15
No implementation

The three Pillar Two rules

QDMTT — Qualified Domestic Minimum Top-up Tax
The country tops up its own in-scope resident entities to a 15% effective tax rate. Tax revenue stays in the country rather than being collected by a parent jurisdiction’s IIR.
IIR — Income Inclusion Rule
The parent jurisdiction taxes any foreign subsidiary that is below 15%. Functions as an extraterritorial top-up.
UTPR — Undertaxed Profit Rule
Backstop: where neither the source country nor any parent applies a top-up, other jurisdictions can deny deductions to bring the group to 15%.

Jurisdiction-by-jurisdiction status

JurisdictionStatusQDMTTIIRUTPRSource
🇦🇺AustraliaLive1 Jan 20241 Jan 20241 Jan 2025PwC — Pillar Two country tracker
🇧🇭BahrainLive1 Jan 2025——EY — Bahrain DMTT legislation
🇧🇲BermudaLive1 Jan 20251 Jan 2025—PwC — Pillar Two country tracker
🇻🇬British Virgin IslandsLive1 Jan 2025——BVI International Tax Authority
🇧🇬BulgariaLive31 Dec 202331 Dec 202331 Dec 2024Tax Foundation — Pillar Two implementation in Europe
🇨🇦CanadaLive31 Dec 202331 Dec 202331 Dec 2024PwC — Pillar Two country tracker
🇰🇾Cayman IslandsLive1 Jan 2025——Cayman Islands Tax Information Authority
🇨🇾CyprusLive31 Dec 202331 Dec 202331 Dec 2024KPMG — Cyprus tax reform 2026
🇫🇷FranceLive31 Dec 202331 Dec 202331 Dec 2024Tax Foundation — Pillar Two implementation in Europe
🇩🇪GermanyLive31 Dec 202331 Dec 202331 Dec 2024Tax Foundation — Pillar Two implementation in Europe
🇬🇮GibraltarLive31 Dec 202331 Dec 2023—PwC — Pillar Two country tracker
🇬🇷GreeceLive31 Dec 202331 Dec 202331 Dec 2024Tax Foundation — Pillar Two implementation in Europe
🇬🇬GuernseyLive1 Jan 20251 Jan 2025—PwC — Pillar Two country tracker
🇭🇺HungaryLive31 Dec 202331 Dec 202331 Dec 2024Tax Foundation — Pillar Two implementation in Europe
🇮🇪IrelandLive31 Dec 202331 Dec 202331 Dec 2024PwC — Pillar Two country tracker
🇮🇲Isle of ManLive1 Jan 20251 Jan 2025—PwC — Pillar Two country tracker
🇮🇹ItalyLive31 Dec 202331 Dec 202331 Dec 2024Tax Foundation — Pillar Two implementation in Europe
🇯🇪JerseyLive1 Jan 20251 Jan 2025—PwC — Pillar Two country tracker
🇲🇾MalaysiaLive1 Jan 20251 Jan 2025—PwC — Pillar Two country tracker
🇳🇱NetherlandsLive31 Dec 202331 Dec 202331 Dec 2024PwC — Pillar Two country tracker
🇵🇹PortugalLive31 Dec 202331 Dec 202331 Dec 2024Tax Foundation — Pillar Two implementation in Europe
🇸🇬SingaporeLive1 Jan 20251 Jan 2025PendingPwC — Pillar Two country tracker
🇪🇸SpainLive31 Dec 202331 Dec 202331 Dec 2024Tax Foundation — Pillar Two implementation in Europe
🇨🇭SwitzerlandLive1 Jan 20241 Jan 2025PendingPwC — Pillar Two country tracker
🇹🇭ThailandLive1 Jan 20251 Jan 2025—PwC — Pillar Two country tracker
🇦🇪United Arab EmiratesLive1 Jan 2025——PwC — UAE corporate tax credits and incentives
🇬🇧United KingdomLive31 Dec 202331 Dec 202331 Dec 2024GOV.UK — Multinational Top-up Tax
🇭🇰Hong KongAnnounced1 Jan 20251 Jan 2025—PwC — Pillar Two country tracker
🇲🇺MauritiusAnnounced———Chambers — Mauritius Corporate Tax 2026
🇪🇪EstoniaDeferred———Tax Foundation — Pillar Two implementation in Europe
🇲🇹MaltaDeferred———Tax Foundation — Pillar Two implementation in Europe
🇦🇮AnguillaNo implementation———OECD Corporate Tax Statistics
🇧🇸BahamasNo implementation———PwC — Pillar Two country tracker
🇨🇷Costa RicaNo implementation———PwC — Pillar Two country tracker
🇬🇪GeorgiaNo implementation———PwC — Pillar Two country tracker
🇰🇼KuwaitNo implementation———PwC — Pillar Two country tracker
🇲🇽MexicoNo implementation———Forvis Mazars — Mexico 2026 tax reform
🇲🇨MonacoNo implementation———PwC — Pillar Two country tracker
🇵🇦PanamaNo implementation———PwC — Pillar Two country tracker
🇵🇾ParaguayNo implementation———PwC — Pillar Two country tracker
🇵🇭PhilippinesNo implementation———PwC — Pillar Two country tracker
🇶🇦QatarNo implementation———PwC — Pillar Two country tracker
🇹🇨Turks and CaicosNo implementation———OECD Corporate Tax Statistics
🇺🇸United StatesNo implementation———Tax Foundation — Pillar Two implementation in Europe
🇺🇾UruguayNo implementation———PwC — Pillar Two country tracker
🇻🇺VanuatuNo implementation———OECD Corporate Tax Statistics

Sorted: live first, then announced, deferred, no-implementation, alphabetical within each group.

What this means in practice

  • If you’re an individual / small business: you are out of scope. Pillar Two only applies to MNE groups above the €750M consolidated revenue threshold. Headline rates on country pages still apply.
  • If you’re a large MNE planning incorporation: the historical 0% headline-rate advantage of jurisdictions like the UAE, Cayman, BVI, Bermuda, and the Crown Dependencies has narrowed materially. All of those now have a 15% top-up that bites in-scope entities. The decision factor shifts from headline rate to substance requirements, treaty network, and operational ergonomics.
  • If you’re evaluating EU low-rate jurisdictions: Cyprus, Bulgaria, Hungary all have IIR/UTPR live but their non-Pillar-Two headline rates (15%, 10%, 9% respectively) still apply to companies under the €750M threshold. The bigger story is QDMTT — if the country tops up locally, the parent IIR can’t collect it. See the Cyprus 2026 tax reform deep dive for the most consequential EU change of this decade.
  • US-parented groups: the US has not enacted GloBE rules. GILTI remains the relevant US-specific minimum-tax mechanism. US parents may still face foreign UTPR exposure on subsidiaries in jurisdictions that have implemented it.

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TaxAtlas is research, not tax or legal advice. Pillar Two compliance is highly technical — in-scope groups should engage specialist advisers and verify against primary sources (OECD GloBE Model Rules, OECD Administrative Guidance, and each jurisdiction’s implementing legislation).