The Inland Revenue Board of Malaysia updated its guidance page on the Pillar 2 Global Minimum Tax (GMT), including new Guidelines on the Implementation of GMT in Malaysia and an updated GMT FAQ.
Guidelines on the Implementation of GMT in Malaysia
The Guidelines explain the implementation of the GMT legislation as provided under Part XI of the Income Tax Act 1967 (ITA). It outlines the Director General of Inland Revenue's (DGIR) interpretation and administration of the GMT legislation, i…