In FY25, Inter IKEA Group entered the first year of implementation of the OECD Pillar Two legislation. This initiative, adopted by many countries worldwide, introduced a global minimum tax rate of 15% for multinational enterprises. As a result, Inter IKEA Group is now subject to this minimum rate in every jurisdiction where it operates and it is currently completing its first-year compliance obligation.
However, the impact of the implementation of Pillar Two on our overall tax position has been limited as Inter IKEA Group already pays tax rates above 15% in most of the countries where it conducts business. Want to know more about our effective tax rate and the impact of Pillar Two? Visit our
ETR webpage for more information.
