Swiss Parliament approves domestic BEPS 2.0 Pillar Two implementation | Constitutional amendment now subject to public vote

The Swiss Parliament has approved the constitutional amendment to implement the Pillar Two rules into Swiss domestic law.

This amendment is now subject to a public vote on 18 June 2023, where a majority of the elective citizens as well as a majority of the Cantons (result of the popular vote per Canton) must approve the change to the Constitution.

If approved, Switzerland would be able to legally implement the Pillar Two rules as of 1 January 2024.