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At its last meeting in 2023, the Swiss Federal Council decided on Switzerland’s roadmap for implementing the global minimum tax into domestic law.  

To prevent erosion of the tax base in favor of other countries, the entry into force date of the Qualifying Domestic Minimum Top-up Tax (QDMTT) is set for 1 January 2024. The implementation of the other elements of the Pillar Two Rules, i.e., Income Inclusion Rule (IIR) and the Undertaxed Profits Rule (UTPR) is postponed.