OECD: Updated outcome of Pillar Two transitional peer review process

Updates to Guernsey’s and Spain’s IIRs and DMTTs

Share
April 15, 2025

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

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's . Privacy Statement

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline