Tax Updates

Pillar 2

Many countries around the world have recently implemented the OECD Pillar Two legislation for a global minimum tax. This means that as of FY25 Inter IKEA Group will be subject to the minimum tax rate of 15% for each of the jurisdictions where it operates. However, we do not expect that this will have a big impact on the effective tax rate of Inter IKEA Group as Inter IKEA Group is already subject to a tax rate higher than 15% in most countries.