IN the upcoming Budget 2024 announcement on Oct 13, global minimum tax (GMT) is among the key tax proposals expected to be announced regardless of when Malaysia chooses to begin.

ON Dec 30, 2023, Malaysia enacted law to introduce Pillar Two global minimum tax (GMT) rules for large multinational groups, joining what is now a growing list of more than 30 other countries that ...

HONG KONG, May 28 (Xinhua) -- Hong Kong's Legislative Council on Wednesday passed a bill enabling the implementation of the global minimum tax (GMT) and the Hong Kong minimum top-up tax (HKMTT) in ...

HONG KONG -- Hong Kong's Legislative Council on Wednesday passed a bill enabling the implementation of the global minimum tax (GMT) and the Hong Kong minimum top-up tax (HKMTT) in Hong Kong from ...

The GMT is a global tax reform introduced by the OECD to curtail tax competition and profit shifting. The idea is for MNCs to pay the right amount of taxes, which is 15%, no matter where they operate.

I. n mid-January, the government published the much-awaited Finance Ministerial Regulation No. 136/2024, officially marking the beginning of the Global Minimum Tax (GMT) era.

T he introduction of the Global Minimum Tax Act (GMT Act) into South African law on December 24, 2024, has created substantial chatter in the tax world, but is it applicable to you?

The BEPS initiative witnessed nearly 140 countries agreeing to a global minimum tax (GMT) rate of 15 per cent in a landmark deal in October 2021.

Pillar One aims to reallocate part of MNC profits to countries where economic activity occurs, while Pillar Two aims to implement a 15-percent global minimum tax (GMT) for all MNCs, regardless of ...