List applies for purposes of local implementation of Pillar Two rules
The Ministry of Economy and Finance on January 23, 2025, published a document listing the jurisdictions that have been awarded transitional qualified status for purposes of the local implementation of the DMTT and IIR—which is relevant for purposes of determining whether and to what extent top-up tax may need to be collected in Italy (under the IIR or UTPR) with respect to foreign low-taxed jurisdictions.
The list also indicates those DMTTs considered to be eligible for the QDMTT safe harbor.
The list follows the publication by the Inclusive Framework on BEPS on January 15, 2025, of the central record of legislation with transitional qualified status. Read TaxNewsFlash
Read a February 2025 report prepared by KPMG’s EU Tax Centre