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Switzerland Draft Decree to Implement Global Minimum Tax By 2024

March 11, 2022, 3:00 PM

The Swiss government has published a draft decree that would implement a global minimum tax by January 1, 2024.

More the 130 countries in October signed on to a two-pillar international agreement to change how multinationals are taxed. Pillar Two of this plan will create a 15% global minimum rate for any multinational that has over 750 million euros ($825 million) in revenue.

Since certain elements of the Pillar Two minimum tax rules are still being negotiated, the decree will act as a temporary ordinance that will be replaced by a permanent law once the rules are complete, the ...