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Crown Dependencies announce Pillar Two implementation plan

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The governments of Guernsey, Jersey and the Isle of Man have agreed a joint approach on Pillar Two, which will comprise the implementation of an income inclusion rule and a domestic minimum tax to provide for a 15% effective tax rate for large in-scope multinational enterprises, from 2025. 

In a client briefing, EY notes: ‘No details are given on the exact form of the domestic minimum tax. However, it is understood that this regime may sit alongside the existing “zero-ten” tax regime.’
Issue: 1620
Categories: News
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