Dispelling Global Minimum Tax plan misconceptions


A recent “Mid-year 2023 Budget Performance Report” of the Finance Ministry indicated that Malaysia could implement Pillar Two in 2025.

MANY countries will begin implementing Pillar Two of the Organisation for Economic Co-operation and Development’s or OECD’s Base Erosion and Profit Shifting (BEPS) 2.0 project, also known as the Global Minimum Tax project, in 2024.

Other countries such as Singapore, Hong Kong and Thailand have announced that they will implement it in 2025.

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