CMS Expert Guide to Mastering OECD's Pillar Two in Bulgaria
Key stages in the introduction of global minimum taxation
12 Dec 2023
International
1 min read Comparable
- Has there been a formal indication of the intention to implement Pillar Two/GloBE rules?
- What is the implementation status of Pillar Two/GloBE rules?
- Have the local tax authorities published guidelines commenting on Pillar Two/GloBE rules?
- When will the Income Inclusion Rule (IIR) come into force?
- When will the Undertaxed Payments Rule (UTPR) come into force?
- Is there any intention to implement a Qualifying Domestic Minimum Top-Up Tax (QDMTT)? If so, when?
jurisdiction
1.Has there been a formal indication of the intention to implement Pillar Two/GloBE rules?
Yes.
2. What is the implementation status of Pillar Two/GloBE rules?
The National Assembly is in the process of passing a law, introducing the Pillar Two rules, including the imposition of the Domestic Top-Up Tax from 1 January 2024.
3. Have the local tax authorities published guidelines commenting on Pillar Two/GloBE rules?
N/A.
4. When will the Income Inclusion Rule (IIR) come into force?
2024.
5. When will the Undertaxed Payments Rule (UTPR) come into force?
2025.
6. Is there any intention to implement a Qualifying Domestic Minimum Top-Up Tax (QDMTT)? If so, when?
2024.
