The Inland Revenue Board of Malaysia updated its guidance page on the Pillar 2 GloBE rules, including the addition of:
- Implementation Timeline of Global Minimum Tax (GMT) in Malaysia; and
- Frequently Asked Questions (FAQ) on GMT.
Regarding implementation, an infographic includes the following key dates:
- 1 January 2025 - Effective Date for MNE groups with a consolidated financial statement period beginning on or after 1 January 2025;
- 31 December 2025 - Closing date for the first MNE grou…