Minimum Corporate Tax in a Multinational Group Bill

What does the bill do?

The bill enshrines in law the OECD's global minimum tax (GloBE) rules, with the aim of ensuring that multinational groups with constituent entities in Israel pay tax at a minimum effective rate on their aggregate profits. The law implements the QDMTT mechanism (qualified domestic minimum top-up tax), which gives Israel the primary right to collect a top-up tax on income generated in Israel at an effective rate below the minimum rate. The bill applies to multinational groups with a global turnover of at least 750 million euros, starting from the 2026 tax year.