In 2023, the world’s largest international tax reform is anticipated to take effect. As one of the 137 members of the OECD Inclusive Framework, Malaysia has agreed to the Two-Pillar tax reform, and will be implementing the Global Minimum Tax rules.

It is expected that a number of listed groups on Bursa Malaysia would be within scope, as the rules target multinational companies with global consolidated revenue of at least €750 million. These groups would need to start assessing the impact of such rules, and consider the following:

1. Whether the group’s Effective Tax Rate per the rules’ complex formula falls below 15%
2. The potential impact to cashflow, dividend policy, and costing
3. The capability of the existing accounting system and resources required to meet the compliance obligations.

Hence, we are pleased to invite Board Members and C-Suite Executives to a Roundtable Discussion on Global Minimum Tax. Let’s kickstart the conversation together.