Manila, June 11 -- The Bureau of Internal Revenue (BIR) has begun preparations for the possible implementation of the proposed Qualified Domestic Minimum Top-Up Tax (QDMTT).

In a social media post on Thursday, the BIR said the QDMTT is a measure being pushed by the Department of Finance (DOF) to ensure that large multinational enterprise groups pay a minimum level of tax on income earned in the Philippines.

As part of its preparations, BIR Commissioner Charlito Martin Mendoza met with the DOF's QDMTT team and the Fiscal Incentives Review Board on June 3 for a presentation of the key features and framework of the draft "Qualified Domestic Minimum Top-Up Tax of 2026" bill.

Discussions focused on tax administration considerations for the...