The winding road to a 15% global minimum tax

The Ministry of Finance (MoF) indicated in its 2023 pre-budget statement released on June 3, 2022 that it is reviewing the technical details of the two pillars, including the introduction of the Qualified Domestic Minimum Top-up Tax (QDMTT) under Pillar Two.

THE Organisation for Economic Co-operation and Development’s (OECD Two-Pillar Base Erosion and Profit Shifting (BEPS) 2.0 Project has had more plot twists than a John Grisham novel, with refinements in rules, delays in implementation, countries disrupting the implementation rhythm and the star of the show leaving before the grand finale.

The World Bank has also jumped on the bandwagon, recently releasing a report on the policy considerations, implementation options and next steps for the global minimum tax (GMT) under Pillar Two.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

OECD , World Bank , multinational , MoF , Ernst & Young


Next In Business News

Tiong Nam sees higher demand for for logistics, warehousing services in FY23
Leong Hup returns to the black, 3Q net profit at RM67.31mil
Malakoff 3Q net profit jumps 53.4% to RM66.5mil
IHH 3Q profit falls to RM252mil on exceptional items, financial reporting adjustments
Ringgit reverses gains against US dollar on profit-taking
Boustead net profit jumps to RM99.6mil in 3Q
Press Metal 3Q net profit grows 11.5% to RM315.8mil
Genting Malaysia misses Macau licence
Celcom 3Q22 Patami up 65.3% at RM856mil
Kerjaya Prospek's construction segment to drive revenue growth

Others Also Read