OECD: Updated outcome of Pillar Two transitional peer review process
Updates to Guernsey’s and Spain’s IIRs and DMTTs
The Inclusive Framework on BEPS released an updated version of the central registry providing the outcome of the Pillar Two transitional peer review process current as of March 31, 2025.
The registry identifies jurisdictions granted “transitional qualified status” for the local implementation of the domestic minimum top-up tax (DMTT) and income inclusion rule (IIR).
In the latest update, Guernsey's and Spain's IIRs have been awarded transitional qualified status. Additionally, the DMTT of both Guernsey and Spain have received transitional qualified status and are considered eligible for the QDMTT safe harbors.
Read an April 2025 report prepared by KPMG’s EU Tax Centre