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WHAT'S ON

       IFA Malaysia Webinar

Pillar Two: How Far Have We Come?

2 May 2024 | 2.00 - 3.15 pm (Kuala Lumpur)

Online

The Pillar Two Model Rules (also referred to as the Global Anti-Base Erosion or GloBE Rules) are part of the Two-Pillar Solution to address the tax challenges of the digitalisation of the economy that was agreed by 137 member jurisdictions of the OECD/G20 Inclusive Framework on BEPS and endorsed by the G20 Finance Ministers and Leaders in October 2021. The rules are designed to ensure that large multinational enterprises (with revenues exceeding EUR 750 million) pay a minimum level of tax on the income arising in each of the jurisdictions where they operate. Whether or not adopted into a jurisdiction’s legislative framework, this global minimum tax (GMT) regime will have an impact far beyond the confines of a country’s legal system.

 

In Malaysia, the government's commitment to implement the GMT by 2025 was crystallised vide the Finance (No. 2) Act 2023 (Act 851), while Japan and Korea have already implemented the GMT as early as 1 January 2024, and New Zealand from 1 January 2025. With Australia on track to adopt the GMT and income inclusion rule in 2024 and Singapore having also committed to a 2025 implementation date in this year’s Budget announcement, it is timely for an update as we explore developments around the region.

 

Join us as we speak with leading experts on the far-reaching impact of the GloBE rules on businesses across the region, and how they will need to adapt to one of the most significant developments in international taxation today.

 

Our panel of speakers will update us on Pillar Two developments around the region and discuss the following aspects:

  • Pillar Two: how different is it among jurisdictions?

  • Early implementation issues, challenges & conflicts; and

  • Impact on tax incentives & multinational enterprises.

Moderator

Irene Yong, Head of Tax Advisory, Shearn Delamore & Co, Malaysia (WIN representative for Malaysia)

 

Panelists

Melinda Brown, Senior Transfer Pricing Adviser, OECD

Annalise Foong, Flextax Consulting, Singapore

Amanda Kazacos, Senior Associate, King & Wood Mallesons, Australia

Rachel Saw, Head of IBFD Asia-Pacific (IFA Malaysia Chair)

 

 

 

This is a complimentary event.

 

 

We look forward to your participation! For further enquiries, please contact us at: ifamalaysia@ifa.my.

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