CMS Expert Guide to Mastering OECD's Pillar Two in South Africa
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 your 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?
- Further comments
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?
Not yet initiated.
3. Have your tax authorities published guidelines commenting on Pillar Two/GloBE rules?
N/A.
4. When will the Income Inclusion Rule (IIR) come into force?
Unclear.
5. When will the Undertaxed Payments Rule (UTPR) come into force?
Unclear.
6. Is there any intention to implement a Qualifying Domestic Minimum Top-Up Tax (QDMTT)? If so, when?
Unclear.
7. Further comments
22 February 2023: South Africa announced in its 2023 Budget Review that the government planned to introduce Pillar Two rules. Legislative amendments are expected to be introduced in the 2024 bill.
