Switzerland Tax Agency Amends Ordinance on Global Minimum Tax Under Pillar 2

The Swiss Federal Council Nov. 26 announced amendments to the Ordinance on the Minimum Taxation of Large Groups of Companies regarding the OECD Pillar Two global minimum 15 percent tax rate for multinational enterprise (MNE) groups with annual consolidated revenue of at least 750 million euros (US$868 million). The amendments include measures to: 1) introduce the Global Anti-Base Erosion (GloBE) Model Rules and GloBE Information Return (GIR) filing obligations; 2) require central filing of the GIR with the Swiss Federal Tax Administration, with first declaration filings due June 30, 2026; 3) implement automatic exchanges of GIR declarations with partner states; ...