Notice 2 — Pillar Two top-up taxes relevant territories and taxes
Published 24 July 2025
© Crown copyright 2025
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1 Overview
The UK recognises other jurisdictions which have implemented Pillar Two rules under 3 categories. The categories are:
- Pillar Two territories, which have implemented “Qualified Income Inclusion Rules” (QIIRs) in the meaning of the OECD Model Rules.
- Qualifying domestic top-up taxes — “Qualified Domestic Minimum Top-up Taxes” (QDMTTs) in the meaning of the OECD Model Rules.
- Accredited qualifying domestic top-up taxes — QDMTTs which are eligible for the QDMTT Safe Harbour in the meaning of the OECD Model Rules.
The Multinational Top-up Tax (Pillar Two Territories, Qualifying Domestic Top-up Taxes and Accredited Qualifying Domestic Top-up Taxes) Regulations 2025 (SI 2025/406) (the 2025 Regulations), as amended, set out the initial lists of specified territories and qualifying taxes. This notice specifies territories and taxes which are now Pillar Two territories, qualifying domestic top-up taxes and accredited qualifying domestic top-up taxes in addition to the initial lists. This is in accordance with the 2025 Regulations.
1.1 Pillar Two territories
Section 1.1 has the force of law under Regulation 2 of the 2025 Regulations.
This table sets out all of the following:
- the territories which are specified as Pillar Two territories
- the date from which that specification takes effect
| Territory | Date |
|---|---|
| Guernsey | 1 January 2025 |
| Spain | 31 December 2023 |
1.2 Qualifying domestic top-up taxes
Section 1.2 has the force of law under Regulation 3 of the 2025 Regulations.
This table sets out all of the following:
- the territories in which a Qualified Domestic Minimum Top-up Tax is specified as a qualifying domestic top-up tax
- the legislation under which it is charged
- the date from which the specification as a qualifying domestic top-up tax takes effect
| Territory | Legislation | Date |
|---|---|---|
| Guernsey | Income Tax (Approved International Agreements) (Implementation) (OECD Pillar Two GloBE Model Rules) Regulations, 2024 | 1 January 2025 |
| Spain | Ley 7/2024, de 20 de diciembre, por la que se establecen un impuesto complementario para garantizar un nivel mínimo global de imposición para los grupos multinacionales y los grupos nacionales de gran magnitud, un impuesto sobre el margen de intereses y comisiones de determinadas entidades financieras y un impuesto sobre los líquidos para cigarillos electrónicos y otros productos relacionados con el tabaco, y se modifican otras normas tributarias | 31 December 2023 |
1.3 Accredited qualifying domestic top-up taxes
Section 1.3 has the force of law under Regulation 4 of the 2025 Regulations.
This table sets out all of the following:
- the territories in which a Qualified Domestic Minimum Top-up Tax is specified as an accredited qualifying domestic top-up tax
- the legislation under which it is charged
- the date from which the specification as an accredited qualifying domestic top-up tax takes effect
| Territory | Legislation | Date |
|---|---|---|
| Guernsey | Income Tax (Approved International Agreements) (Implementation) (OECD Pillar Two GloBE Model Rules) Regulations, 2024 | 1 January 2025 |
| Spain | Ley 7/2024, de 20 de diciembre, por la que se establecen un impuesto complementario para garantizar un nivel mínimo global de imposición para los grupos multinacionales y los grupos nacionales de gran magnitud, un impuesto sobre el margen de intereses y comisiones de determinadas entidades financieras y un impuesto sobre los líquidos para cigarillos electrónicos y otros productos relacionados con el tabaco, y se modifican otras normas tributarias | 31 December 2023 |
1.4 Reference list
A reference list of all specified Pillar Two territories, qualifying domestic minimum top-up taxes and accredited qualifying domestic minimum top-up taxes can be found in the Multinational Top-up Tax manual (MTT09970).
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