Cyprus: Draft legislation amending Pillar Two framework
Would incorporate a qualified domestic minimum top-up tax (QDMTT)
The Directorate of Economic Policy and European Affairs, Tax Policy Unit, in July 2026 published draft legislation amending Cyprus’s Pillar Two framework.
The draft legislation would incorporate a qualified domestic minimum top-up tax (QDMTT) effective January 1, 2026, and make further changes following OECD guidance.
For more information, contact a KPMG tax professional in Cyprus:
Katerina Papanicolaou | katerina.papanicolaou@kpmg.com.cy
Marios Chrysanthou | marios.chrysanthou@kpmg.com.cy