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Swiss BEPS 2.0 Pillar Two implementation – Switzerland to apply QDMTT beginning 1 January 2024; IIR and UTPR delayed

|Tax Alerts, National/Federal Taxation, G ...|Switzerland
Switzerland

  • The Swiss Federal Council has declared the entry into force of the Swiss implementation of the OECD BEPS 2.0 Project's Pillar Two rules beginning 1 January 2024.
  • The Federal Council may later update and improve the Pillar Two ordinance and must now propose a draft law on Pillar Two to the Swiss Parliament within six years.
 

On 22 December 2023, the Swiss Federal Council officially declared the entry into force of the Swiss implementation of the Organisation for Economic Co-operation and Devel…