The Multinational Top-up Tax (Pillar Two Territories, Qualifying Domestic Top-up Taxes and Accredited Qualifying Domestic Top-up Taxes) Regulations 2025
Source: legislation.gov.uk (2025-10-10)

These Regulations specify territories as Pillar Two territories, and taxes as qualifying domestic top-up taxes and accredited qualifying domestic top-up taxes, in support of the implementation and operation of the Organisation for Economic Co-operation and Development/G20 Inclusive Framework’s Pillar Two model rules.

Statutory Instruments

2025 No. 406

DOMESTIC TOP-UP TAX

MULTINATIONAL TOP-UP TAX

The Multinational Top-up Tax (Pillar Two Territories, Qualifying Domestic Top-up Taxes and Accredited Qualifying Domestic Top-up Taxes) Regulations 2025

Made

27th March 2025

Laid before the House of Commons

31st March 2025

Coming into force

21st April 2025

The Treasury make these Regulations in exercise of the powers conferred by sections 241 and 256 of, and paragraph 2 of Schedule 16A to, the Finance (No. 2) Act 2023(1 (\"#f00001\")).

The Treasury consider, in relation to territories that are specified as Pillar Two territories, that provisions implementing the Pillar Two rules relating to top-up tax under the IIR (within the meaning of those rules) have effect under the law of those territories, or will have effect on or before the date on which the specification has effect.

The Treasury consider, in relation to taxes that are specified as qualifying domestic top-up taxes, that those taxes are equivalent in substance to domestic top-up tax under Part 4 of the Finance (No. 2) Act 2023.

Citation, commencement and effectU.K.

1.—(1) These Regulations may be cited as the Multinational Top-up Tax (Pillar Two Territories, Qualifying Domestic Top-up Taxes and Accredited Qualifying Domestic Top-up Taxes) Regulations 2025 and come into force on 21st April 2025.

(2) These Regulations have effect for accounting periods beginning on or after 31st December 2023.

Commencement Information

I1Reg. 1 in force at 21.4.2025, see reg. 1(1) (\"http://www.legislation.gov.uk/id/uksi/2025/406/regulation/1/1\")

Pillar Two territoriesU.K.

2.—(1) The territories set out in Schedule 1 are specified as Pillar Two territories with effect on and after the respective dates listed in the table.

(2) A territory is also a Pillar Two territory if it is specified as such in a notice published by the Commissioners for His Majesty’s Revenue and Customs.

[F1 (\"#commentary-key-581ca529a2e4def63ce6af112f15c46c\")(3) Specification in accordance with paragraph (2) has effect on and after the date set out in the notice (which may be a date before the publication of the notice).]

Textual Amendments

F1 (\"#reference-key-581ca529a2e4def63ce6af112f15c46c\")Reg. 2(3) (\"http://www.legislation.gov.uk/id/uksi/2025/406/regulation/2/3\") inserted (24.7.2025) by The Multinational Top-up Tax (Pillar Two Territories, Qualifying Domestic Top-up Taxes and Accredited Qualifying Domestic Top-up Taxes) (Amendment) Regulations 2025 (S.I. 2025/783) (\"http://www.legislation.gov.uk/id/uksi/2025/783\"), regs. 1 (\"http://www.legislation.gov.uk/id/uksi/2025/783/regulation/1\"), 2(2) (\"http://www.legislation.gov.uk/id/uksi/2025/783/regulation/2/2\")

Commencement Information

I2Reg. 2 in force at 21.4.2025, see reg. 1(1) (\"http://www.legislation.gov.uk/id/uksi/2025/406/regulation/1/1\")

Qualifying domestic top-up taxesU.K.

3.—(1) A Qualified Domestic Minimum Top-up Tax for the purposes of the Pillar Two rules that is charged by the territory listed, and under the legislation set out, in Schedule 2 is specified as a qualifying domestic top-up tax with effect on or after the respective date listed in the table.

(2) A Qualified Domestic Minimum Top-up Tax is also a qualifying domestic top-up tax if it is specified as such in a notice published by the Commissioners for His Majesty’s Revenue and Customs.

[F2 (\"#commentary-key-cdd4b762e68e40ce36c190e8527f3f9a\")(3) Specification in accordance with paragraph (2) has effect on and after the date set out in the notice (which may be a date before the publication of the notice).]

Textual Amendments

F2 (\"#reference-key-cdd4b762e68e40ce36c190e8527f3f9a\")Reg. 3(3) (\"http://www.legislation.gov.uk/id/uksi/2025/406/regulation/3/3\") inserted (24.7.2025) by The Multinational Top-up Tax (Pillar Two Territories, Qualifying Domestic Top-up Taxes and Accredited Qualifying Domestic Top-up Taxes) (Amendment) Regulations 2025 (S.I. 2025/783) (\"http://www.legislation.gov.uk/id/uksi/2025/783\"), regs. 1 (\"http://www.legislation.gov.uk/id/uksi/2025/783/regulation/1\"), 2(2) (\"http://www.legislation.gov.uk/id/uksi/2025/783/regulation/2/2\")

Commencement Information

I3Reg. 3 in force at 21.4.2025, see reg. 1(1) (\"http://www.legislation.gov.uk/id/uksi/2025/406/regulation/1/1\")

Accredited qualifying domestic top-up taxesU.K.

4.—(1) A Qualified Domestic Minimum Top-up Tax for the purpose of the Pillar Two rules that is charged by the territory listed, and under the legislation set out, in Schedule 3 is specified as an accredited qualifying domestic top-up tax with effect on or after the respective date listed in the table.

(2) A Qualified Domestic Minimum Top-up Tax is also an accredited qualifying domestic top-up tax if it is specified as such in a notice published by the Commissioners for His Majesty’s Revenue and Customs.

[F3 (\"#commentary-key-4eea539a4bab1136ddd4978c2f7fa858\")(3) Specification in accordance with paragraph (2) has effect on and after the date set out in the notice (which may be a date before the publication of the notice).]

Textual Amendments

F3 (\"#reference-key-4eea539a4bab1136ddd4978c2f7fa858\")Reg. 4(3) (\"http://www.legislation.gov.uk/id/uksi/2025/406/regulation/4/3\") inserted (24.7.2025) by The Multinational Top-up Tax (Pillar Two Territories, Qualifying Domestic Top-up Taxes and Accredited Qualifying Domestic Top-up Taxes) (Amendment) Regulations 2025 (S.I. 2025/783) (\"http://www.legislation.gov.uk/id/uksi/2025/783\"), regs. 1 (\"http://www.legislation.gov.uk/id/uksi/2025/783/regulation/1\"), 2(2) (\"http://www.legislation.gov.uk/id/uksi/2025/783/regulation/2/2\")

Commencement Information

I4Reg. 4 in force at 21.4.2025, see reg. 1(1) (\"http://www.legislation.gov.uk/id/uksi/2025/406/regulation/1/1\")

Anna Turley

Jeff Smith

Two of the Lords Commissioners of His Majesty's Treasury

27th March 2025

Schedules

Regulation 2

Schedule 1U.K.Pillar Two Territories

Commencement Information

I5Sch. 1 in force at 21.4.2025, see reg. 1(1) (\"http://www.legislation.gov.uk/id/uksi/2025/406/regulation/1/1\")

TerritoryDateAustralia1st January 2024Austria31st December 2023Belgium31st December 2023Bulgaria31st December 2023Canada31st December 2023Croatia31st December 2023Czech Republic31st December 2023Denmark31st December 2023Finland31st December 2023France31st December 2023Germany31st December 2023Greece31st December 2023Hungary31st December 2023Ireland31st December 2023Italy31st December 2023Japan1st April 2024Liechtenstein1st January 2024Luxembourg31st December 2023Netherlands31st December 2023Norway1st January 2024Republic of Korea1st January 2024Romania31st December 2023Slovenia31st December 2023Sweden31st December 2023Turkey1st January 2024Vietnam1st January 2024

Regulation 3

Schedule 2U.K.Qualifying Domestic Top-up Taxes

Commencement Information

I6Sch. 2 in force at 21.4.2025, see reg. 1(1) (\"http://www.legislation.gov.uk/id/uksi/2025/406/regulation/1/1\")

TerritoryLegislationDateAustraliaTaxation (Multinational – Global and Domestic Minimum Tax) Imposition Act 20241st January 2024Taxation (Multinational – Global and Domestic Minimum Tax) Act 20241st January 2024AustriaBundesgesetz zur Gewährleistung einer globalen Mindestbesteuerung für Unternehmensgruppen (Mindestbesteuerungsgesetz – MinBestG)31st December 2023BarbadosCorporation Top-up Tax Act, 2024-161st January 2024BelgiumLoi portant l’introduction d’un impôt minimum pour les groupes d’entreprises multinationales et les groupes nationaux de grande envergure31st December 2023Wet houdende de invoering van een minimumbelasting voor multinationale ondernemingen en omvangrijke binnenlandse groepen31st December 2023BulgariaЗАКОН за корпоративното подоходно облагане31st December 2023CanadaGlobal Minimum Tax Act31st December 2023Loi sur l’impôt minimum mondial31st December 2023CroatiaZakon o minimalnom globalnom porezu na dobit31st December 2023Czech RepublicZákon č. 416/2023 Sb., o dorovnávacích daních pro velké nadnárodní skupiny a velké vnitrostátní skupiny31st December 2023DenmarkLov nr. 1535 af 12. december 2023 om en ekstraskat for visse koncernenheder (minimumsbeskatningsloven)31st December 2023FinlandLaki suurten konsernien vähimmäisverosta 1308/202331st December 2023FranceImposition minimale mondiale des groupes d'entreprises multinationales et des groupes nationaux (Code général des impôts, Chapitre II bis, article 223 VJ à 223 WZ)31st December 2023GermanyGesetz zur Gewährleistung einer globalen Mindestbesteuerung für Unternehmensgruppen (Mindeststeuergesetz – MinStG)31st December 2023GreeceNOMOΣ ΥΠ’ ΑΡΙΘΜ. 5100 Ενσωμάτωση της Οδηγίας (ΕΕ) 2022/2523 του Συμβουλίου, της 14ης Δεκεμβρίου 2022, σχετι-κά με την εξασφάλιση παγκόσμιου ελάχιστου επιπέδου φορολογίας των ομίλων πολυεθνικών επιχειρήσεων και των εγχώριων ομίλων μεγάλης κλίμακας στην Ευρωπαϊκή Ένωση (Pillar II) και άλ-λες επείγουσες διατάξεις31st December 2023Hungary2023. évi LXXXIV. Törvény a globális minimum-adószintet biztosító kiegészítő adókról és ezzel összefüggésben egyes adótörvények módosításáról31st December 2023IrelandTaxes Consolidation Act 1997, Part 4A (Implementation Of Council Directive (EU) 2022/2523 of 15 December 2022 on Ensuring a Global Minimum Level of Taxation For Multinational Enterprise Groups and Large Scale Domestic Groups in the Union)31st December 2023ItalyDECRETO LEGISLATIVO 27 dicembre 2023, n. 209 Attuazione della riforma fiscale in materia di fiscalita' internazionale31st December 2023LiechtensteinGesetz vom 10. November 2023 über die Mindestbesteuerung grosser Unternehmensgruppen (GloBE-Gesetz)1st January 2024LuxembourgLoi du 22 décembre 2023 relative à l’imposition minimale effective en vue de la transposition de la directive (UE) 2022/2523 du Conseil du 15 décembre 2022 visant à assurer un niveau minimum d’imposition mondial pour les groupes d’entreprises multinationales et les groupes nationaux de grande envergure dans l’Union31st December 2023NetherlandsWet minimumbelasting 202431st December 2023NorwayLov 12. januar 2024 nr 1 om suppleringsskatt på underbeskattet inntekt i konsern (suppleringsskatteloven)1st January 2024RomaniaLege nr. 431/2023 privind asigurarea unui nivel minim global de impozitare a grupurilor de întreprinderi multinaționale și a grupurilor naționale de mari dimensiuni31st December 2023SlovakiaZákon č. 507/2023 Z. z. o dorovnávacej dani na zabezpečenie minimálnej úrovne zdanenia nadnárodných skupín podnikov a veľkých vnútroštátnych skupín a o doplnení zákona č. 563/2009 Z. z. o správe daní (daňový poriadok) a o zmene a doplnení niektorých zákonov v znení neskorších predpisov31st December 2023SloveniaZakon o minimalnem davku (ZMD); Uradni list RS, št. 131/2023)31st December 2023SwedenLag (2023:875) om tilläggsskatt31st December 2023SwitzerlandOrdonnance sur l’imposition minimale des grands groupes d’entreprises, RS 642.161st January 2024Verordnung über die Mindestbesteuerung grosser Unternehmensgruppen, RS 642.161st January 2024Ordinanza concernente l’imposizione minima dei grandi gruppi di imprese, RS 642.161st January 2024TurkeyKanun Numarası 5520 KURUMLAR VERGİSİ KANUNU (BEŞİNCİ KISIM Yerel ve Küresel Asgari Tamamlayıcı Kurumlar Vergisi ve Geçici Maddeler)1st January 2024VietnamNghị quyết số 107/2023/QH15 của Quốc hội: Về việc áp dụng thuế thu nhập doanh nghiệp bổ sung theo quy định chống xói mòn cơ sở thuế toàn cầu1st January 2024

Regulation 4

Schedule 3U.K.Accredited Qualifying Domestic Top-up Taxes

Commencement Information

I7Sch. 3 in force at 21.4.2025, see reg. 1(1) (\"http://www.legislation.gov.uk/id/uksi/2025/406/regulation/1/1\")

TerritoryLegislationDateAustraliaTaxation (Multinational – Global and Domestic Minimum Tax) Imposition Act 20241st January 2024Taxation (Multinational – Global and Domestic Minimum Tax) Act 20241st January 2024AustriaBundesgesetz zur Gewährleistung einer globalen Mindestbesteuerung für Unternehmensgruppen (Mindestbesteuerungsgesetz – MinBestG)31st December 2023BarbadosCorporation Top-up Tax Act, 2024-161st January 2024BelgiumLoi portant l’introduction d’un impôt minimum pour les groupes d’entreprises multinationales et les groupes nationaux de grande envergure31st December 2023Wet houdende de invoering van een minimumbelasting voor multinationale ondernemingen en omvangrijke binnenlandse groepen31st December 2023BulgariaЗАКОН за корпоративното подоходно облагане31st December 2023CanadaGlobal Minimum Tax Act31st December 2023Loi sur l’impôt minimum mondial31st December 2023CroatiaZakon o minimalnom globalnom porezu na dobit31st December 2023Czech RepublicZákon č. 416/2023 Sb., o dorovnávacích daních pro velké nadnárodní skupiny a velké vnitrostátní skupiny31st December 2023DenmarkLov nr. 1535 af 12. december 2023 om en ekstraskat for visse koncernenheder (minimumsbeskatningsloven)31st December 2023FinlandLaki suurten konsernien vähimmäisverosta 1308/202331st December 2023FranceImposition minimale mondiale des groupes d'entreprises multinationales et des groupes nationaux (Code général des impôts, Chapitre II bis, article 223 VJ à 223 WZ)31st December 2023GermanyGesetz zur Gewährleistung einer globalen Mindestbesteuerung für Unternehmensgruppen (Mindeststeuergesetz – MinStG)31st December 2023GreeceNOMOΣ ΥΠ’ ΑΡΙΘΜ. 5100 Ενσωμάτωση της Οδηγίας (ΕΕ) 2022/2523 του Συμβουλίου, της 14ης Δεκεμβρίου 2022, σχετι-κά με την εξασφάλιση παγκόσμιου ελάχιστου επιπέδου φορολογίας των ομίλων πολυεθνικών επιχειρήσεων και των εγχώριων ομίλων μεγάλης κλίμακας στην Ευρωπαϊκή Ένωση (Pillar II) και άλ-λες επείγουσες διατάξεις31st December 2023Hungary2023. évi LXXXIV. Törvény a globális minimum-adószintet biztosító kiegészítő adókról és ezzel összefüggésben egyes adótörvények módosításáról31st December 2023IrelandTaxes Consolidation Act 1997, Part 4A (Implementation Of Council Directive (EU) 2022/2523 of 15 December 2022 on Ensuring a Global Minimum Level of Taxation For Multinational Enterprise Groups and Large Scale Domestic Groups in the Union)31st December 2023ItalyDECRETO LEGISLATIVO 27 dicembre 2023, n. 209 Attuazione della riforma fiscale in materia di fiscalita' internazionale31st December 2023LiechtensteinGesetz vom 10. November 2023 über die Mindestbesteuerung grosser Unternehmensgruppen (GloBE-Gesetz)1st January 2024LuxembourgLoi du 22 décembre 2023 relative à l’imposition minimale effective en vue de la transposition de la directive (UE) 2022/2523 du Conseil du 15 décembre 2022 visant à assurer un niveau minimum d’imposition mondial pour les groupes d’entreprises multinationales et les groupes nationaux de grande envergure dans l’Union31st December 2023NetherlandsWet minimumbelasting 202431st December 2023NorwayLov 12. januar 2024 nr 1 om suppleringsskatt på underbeskattet inntekt i konsern (suppleringsskatteloven)1st January 2024RomaniaLege nr. 431/2023 privind asigurarea unui nivel minim global de impozitare a grupurilor de întreprinderi multinaționale și a grupurilor naționale de mari dimensiuni31st December 2023SlovakiaZákon č. 507/2023 Z. z. o dorovnávacej dani na zabezpečenie minimálnej úrovne zdanenia nadnárodných skupín podnikov a veľkých vnútroštátnych skupín a o doplnení zákona č. 563/2009 Z. z. o správe daní (daňový poriadok) a o zmene a doplnení niektorých zákonov v znení neskorších predpisov31st December 2023SloveniaZakon o minimalnem davku (ZMD); Uradni list RS, št. 131/2023)31st December 2023SwedenLag (2023:875) om tilläggsskatt31st December 2023SwitzerlandOrdonnance sur l’imposition minimale des grands groupes d’entreprises, RS 642.161st January 2024Verordnung über die Mindestbesteuerung grosser Unternehmensgruppen, RS 642.161st January 2024Ordinanza concernente l’imposizione minima dei grandi gruppi di imprese, RS 642.161st January 2024TurkeyKanun Numarası 5520 KURUMLAR VERGİSİ KANUNU (BEŞİNCİ KISIM Yerel ve Küresel Asgari Tamamlayıcı Kurumlar Vergisi ve Geçici Maddeler)1st January 2024VietnamNghị quyết số 107/2023/QH15 của Quốc hội: Về việc áp dụng thuế thu nhập doanh nghiệp bổ sung theo quy định chống xói mòn cơ sở thuế toàn cầu1st January 2024

Explanatory Note

(This note is not part of the Regulations)

These Regulations specify territories as Pillar Two territories, and taxes as qualifying domestic top-up taxes and accredited qualifying domestic top-up taxes, in support of the implementation and operation of the Organisation for Economic Co-operation and Development/G20 Inclusive Framework’s Pillar Two model rules.

Regulations 2, 3, and 4 have effect from a date before these Regulations commence. This is authorised by sections 241(3), 256(4) of, and paragraph 2(1C) of Schedule 16A to, the Finance (No. 2) Act 2023.

Regulations 2, 3, and 4 give effect to the Schedules which provide as follows:

The table in Schedule 1 lists territories specified as Pillar Two territories along with the date from which they are specified as such,

The table in Schedule 2 lists the taxes specified as qualifying domestic top-up taxes along with the date from which they are specified as such, and

The table in Schedule 3 lists the qualifying domestic top-up taxes that are accredited for the purposes of an election in accordance with Schedule 16A to the 2023 Act along with the date from which they are so accredited.

Regulations 2, 3 and 4 also provide for Commissioners for His Majesty’s Revenue and Customs to specify further territories as Pillar Two territories, and taxes as qualifying domestic top-up taxes and accredited qualifying domestic top-up taxes, by way of notice.

Public notices made under this instrument will be published on the website at https://www.gov.uk/government/collections/multinational-top-up-tax-and-domestic-top-up-tax (\"https://www.gov.uk/government/collections/multinational-top-up-tax-and-domestic-top-up-tax\").

Copies of the taxes specified in Schedule 2 and 3 are available for inspection in hard copy from 100 Parliament Street, London SW1A 2BQ and in electronic copy on request by emailing:

xxx@xxx.xx (\"mailto:xxx@xxx.xx\").

A Tax Information and Impact Note covering this instrument will be published on the website at https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins (\"https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins\").

(1)

2023 c. 30 (\"http://www.legislation.gov.uk/id/ukpga/2023/30\"); Section 241 was amended by paragraphs 8 and 51(1) of Schedule 4 to the Finance Act 2025 (c. 8) (\"http://www.legislation.gov.uk/id/ukpga/2025/8\"). Section 256 was amended by paragraph 51(2) of Schedule 4 to the Finance Act 2025. Paragraph 2 of Schedule 16A was inserted by paragraph 41(1) of Schedule 12 to the Finance Act 2024 (c. 3) (\"http://www.legislation.gov.uk/id/ukpga/2024/3\") and amended by paragraph 51(3) of Schedule 4 to the Finance Act 2025.