Switzerland opens public consultation on material aspects of the OECD’s Pillar Two minimum corporate tax

The Swiss Federal Council has opened the public consultation on the ordinance that will temporarily regulate the material aspects of the OECD’s Pillar Two minimum corporate tax in Switzerland during a transition phase.

The public consultation runs until 17 November 2022 and the ordinance is intended to apply from 1 January 2024.

This Alert outlines the key provisions of the ordinance, which is aligned with the OECD GloBE Model Rules.