Hong Kong Tax Newsflash

【Global Tax Reset II Series】 OECD released administrative guidance on global minimum tax

Published date: 3 February 2023

On 2 February 2023, the OECD announced the release of the long-awaited “administrative guidance” on Pillar Two (the OECD's global minimum tax). This updates the commentary released in March 2022 and addresses a number of the open technical uncertainties in the Pillar Two rules.

Administrative guidance

The new guidance is 111 pages long and covers questions of scope, income and taxes, insurance-specific points, transition, and qualified domestic minimum top-up taxes (QDMTTs).

The guidance will be incorporated into the Pillar Two commentary (and a revised synthesized version of the commentary is expected to be released later in 2023). As previously announced, the OECD will continue to update the administrative guidance/commentary on an ongoing basis to ensure consistency in the application of the Pillar Two rules.

Hong Kong's timeline on implementation of global minimum tax

In August 2022, the Hong Kong government announced that the implementation of Pillar Two in Hong Kong will be deferred to 2024 at the earliest with reference to the progress of other jurisdictions. Following the announcement of implementation of global minimum tax by some jurisdictions, e.g. Korea, Malaysia, UK, France, Germany, etc. and more administrative guidance released by the OECD, we look forward to the Hong Kong government announcing its timeline on the implementation of the global minimum tax, in particular QDMTT. We will keep you updated of the latest development.

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Through the "Global Tax Reset II series" articles, Deloitte will help you keep an eye on the recent major changes in the global tax system and discuss with you the far-reaching impact that it may have on multinational corporations. Please refer to the following links to access to the previous articles under the series.


Tax Analysis
P368/2022 - 2022年12月30日

[Simplified Chinese]

P356/2022 - 2022年6月16日
[Simplified Chinese] [Japanese]

P354/2022 - 2022年5月24日
[Simplified Chinese] [Japanese]

P352/2022 - 2022年4月13日
[Simplified Chinese] [Japanese]

P350/2022 – 2022年3月9日
[Simplified Chinese]

P347/2021 – 2021年12月22日
支柱二 – G20/OECD 包容性框架发布全球最低税立法模板
[Simplified Chinese] [Japanese]

P343/2021 – 12 July 2021
Global Minimum Tax Frequently Asked Questions (FAQ)
[Simplified Chinese] [English] [Japanese]

P338/2021 - 2021年5月20日
[Simplified Chinese] [Japanese]

P332/2021 – 2021 年 1 月 22 日
在不确定性中寻找机会——有关 OECD/G20 税基侵蚀和利润转移(BEPS) 计划以及全球税制重塑 2.0 的第七次年度全球调查
[Simplified Chinese] [Japanese]

P330/2021 – 11 January 2021
European Union – Mandatory Tax Reporting (DAC6) implemented
[Simplified Chinese] [English]

P327/2020 – 2020年11月19日
[Simplified Chinese] [Japanese]

P325/2020 – 2020年11月4日
[Simplified Chinese] [Japanese]

P323/2020 – 2020年10月22日
[Simplified Chinese]

P322/2020 – 2020年10月7日
[Simplified Chinese]

P317/2020 – 27 July 2020
European Union - Mandatory Tax Reporting for certain cross-border arrangements
[Simplified Chinese] [English]

P311/2020 – 2020年2月14日
[Simplified Chinese]

P309/2019 – 2019年12月20日
[Simplified Chinese]

P304/2019 – 2019年11月15日
[Simplified Chinese] [Japanese]

P302/2019 – 5 November 2019
OECD's public consultation document: Secretariat Proposal for a "Unified Approach" under Pillar One
[Simplified Chinese] [English] [Japanese]

Tax Newsflash
21 December 2022
OECD Pillar Two: Information return and safe harbors published

18 August 2022
Hong Kong defers the implementation of Pillar Two

15 March 2022
OECD 发布支柱二下全球最低税的注释
OECD announces release of commentary on Pillar Two model rules for global minimum tax

21 December 2021
Pillar Two – OECD Inclusive Framework global minimum tax model rules

11 October 2021
OECD inclusive framework updates political agreement on Pillar One and Pillar Two

7 July 2021
OECD Inclusive Framework reaches political agreement on taxing the digitalised economy and a global minimum rate

3 July 2021
Global Endorsement on Pillar One and Pillar Two


Hong Kong Tax Analysis
H107/2022 – 31 May 2022

The Impact of Pillar 2 on Hong Kong's Real Estate Sector

H99/2020 – 27 November 2020
Pillar Two – Impact on Hong Kong
[English] [Simplified Chinese]

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