OECD: Updated outcomes of Pillar Two transitional peer review process

Identifies jurisdictions granted transitional qualified status for implementing the DMTT and IIR

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August 28, 2025

The Organisation for Economic Co-operation and Development (OECD) on August 18, 2025, released an updated version of the central record detailing the outcome of the Pillar Two transitional peer review process. The registry, initially published in January 2025, and updated in March 2025, identifies jurisdictions granted transitional qualified status for implementing the domestic minimum top-up tax (DMTT) and income inclusion rule (IIR).

The update reveals that Gibraltar, Indonesia, Isle of Man, Jersey, Malaysia, New Zealand, North Macedonia, Poland, Portugal, Singapore, South Africa, Switzerland, and Thailand have been awarded transitional qualified status for their IIR regimes.

For DMTT regimes, Gibraltar, Indonesia, Isle of Man, Japan, Malaysia, North Macedonia, Poland, Portugal, Singapore, South Africa, Thailand, and the United Arab Emirates (UAE) have been granted transitional qualified status and are eligible for the QDMTT safe harbour.

Read an August 2025 report prepared by KPMG’s EU Tax Centre

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