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Jamaica Planning to Introduce Pillar 2 Qualified Domestic Minimum Top-Up Tax

|Proposed Changes|Jamaica
Jamaica

The Jamaican government is reportedly planning to introduce a Qualified Domestic Minimum Top-up Tax (QDMTT) in line with the Pillar 2 Global Minimum Tax rules. A QDMTT is a domestic minimum tax imposed by a jurisdiction on Constituent Entities of an MNE Group that are resident, or constitute a permanent establishment in, that jurisdiction. A QDMTT essentially allows a jurisdiction to bring the …

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