CMS Expert Guide to Mastering OECD's Pillar Two in Czech Republic
Key stages in the introduction of global minimum taxation
25 Jan 2024
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?
Pillar Two/GloBE rules were implemented in Act No. 416/2023 Coll., on compensatory taxes for large multinational groups and large national groups, which came into force on 31 December 2023.
3. Have the local tax authorities published guidelines commenting on Pillar Two/GloBE rules?
No.
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.
