KUALA LUMPUR: Malaysia has agreed to implement the "two-pillar approach” in taxation to create a competitive environment for both foreign and domestic direct investment, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
The approach, which also prevents cross-border tax evasion, is being studied at present and estimated to begin in 2024, he said in his keynote speech at the 51st Study Group on Asia-Pacific Tax Administration and Research (SGATAR) Annual Meeting 2022 today.
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