MTT09970 - Reference materials: List of qualifying taxes

There are three types of taxes which may be determined to be qualifying Pillar Two taxes:

  • Income Inclusion Rules (equivalent to MTT collected under the main charging mechanism)
  • UTPRs (equivalent to MTT collected under the Undertaxed Profits Rule)
  • Domestic Top-up Taxes (when qualifying, Qualified Domestic Minimum Top-up Taxes or ‘QDMTTs’)

QDMTTs may also be accredited. If a QDMTT is accredited, groups may make a QDMTT Safe Harbour election for those territories (see MTT15100+).

The UK’s Pillar Two taxes are specified in primary legislation as qualifying and accredited from their implementation dates. This is set out in section 241, section 256, section 257, and Schedule 16A, paragraph 2 of Finance (No.2) Act 2023.

A territory which has been specified as having a Qualifying Income Inclusion Rule is called a ‘Pillar Two territory’.

Legislation

Qualifying Pillar Two taxes have been specified in secondary legislation under regulations (‘the Regulations’), titled ‘Multinational Top-up Tax (Pillar Two Territories, Qualifying Domestic Top-up Taxes and Accredited Qualifying Domestic Top-up Taxes) Regulations 2025 (SI 2025/406)’.

Under the Regulations, HMRC will specify by Notice additional territories and taxes which are Pillar Two territories, QDMTTs and accredited QDMTTs.

See MTT09980 for a record of the secondary legislation and notices.

List of Pillar Two territories 

The following are Pillar Two territories, as of these effective dates:

Territory 

Date 

Australia 

1 January 2024 

Austria 

31 December 2023 

Belgium 

31 December 2023 

Bulgaria 

31 December 2023 

Canada 

31 December 2023 

Croatia 

31 December 2023 

Czech Republic 

31 December 2023 

Denmark 

31 December 2023 

Finland 

31 December 2023 

France 

31 December 2023 

Germany 

31 December 2023 

Greece 

31 December 2023 

Guernsey 

1 January 2025 

Hungary 

31 December 2023 

Ireland 

31 December 2023 

Italy 

31 December 2023 

Japan 

1 April 2024 

Liechtenstein 

1 January 2024 

Luxembourg 

31 December 2023 

Netherlands 

31 December 2023 

Norway 

1 January 2024 

Republic of Korea 

1 January 2024 

Romania 

31 December 2023 

Slovenia 

31 December 2023 

Spain 

31 December 2023 

Sweden 

31 December 2023 

Turkey 

1 January 2024 

United Kingdom

31 December 2023

Vietnam 

1 January 2024 

 

List of qualifying domestic top-up taxes 

The following territories have QDMTTs, as of these effective dates:

Territory 

Date 

Australia 

1 January 2024 

Austria 

31 December 2023 

Barbados 

1 January 2024 

Belgium 

31 December 2023 

Bulgaria 

31 December 2023 

Canada 

31 December 2023 

Croatia 

31 December 2023 

Czechia 

31 December 2023 

Denmark 

31 December 2023 

Finland 

31 December 2023 

France 

31 December 2023 

Germany 

31 December 2023 

Greece 

31 December 2023 

Guernsey 

1 January 2025 

Hungary 

31 December 2023 

Ireland 

31 December 2023 

Italy 

31 December 2023 

Liechtenstein 

1 January 2024 

Luxembourg 

31 December 2023 

Netherlands 

31 December 2023 

Norway 

1 January 2024 

Romania 

31 December 2023 

Slovakia 

31 December 2023 

Slovenia 

31 December 2023 

Spain 

31 December 2023 

Sweden 

31 December 2023 

Switzerland 

1 January 2024 

Turkey 

1 January 2024 

United Kingdom

31 December 2023

Vietnam 

1 January 2024 

 

List of accredited qualifying domestic top-up taxes 

The following territories have QDMTTs that are accredited, as of these effective dates.

At present, all QDMTTs are accredited.

Territory 

Date 

Australia 

1 January 2024 

Austria 

31 December 2023 

Barbados 

1 January 2024 

Belgium 

31 December 2023 

Bulgaria 

31 December 2023 

Canada 

31 December 2023 

Croatia 

31 December 2023 

Czechia 

31 December 2023 

Denmark 

31 December 2023 

Finland 

31 December 2023 

France 

31 December 2023 

Germany 

31 December 2023 

Greece 

31 December 2023 

Guernsey 

1 January 2025 

Hungary 

31 December 2023 

Ireland 

31 December 2023 

Italy 

31 December 2023 

Liechtenstein 

1 January 2024 

Luxembourg 

31 December 2023 

Netherlands 

31 December 2023 

Norway 

1 January 2024 

Romania 

31 December 2023 

Slovakia 

31 December 2023 

Slovenia 

31 December 2023 

Spain 

31 December 2023 

Sweden 

31 December 2023 

Switzerland 

1 January 2024 

Turkey 

1 January 2024 

United Kingdom

31 December 2023

Vietnam 

1 January 2024