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Perspectives

Malaysia Budget 2024

Post-Budget Analysis

Questions and answers by Deloitte Malaysia’s Tax Executive Directors

Questions and answers by Deloitte Malaysia’s Tax Executive Directors

Perspectives

GMT in 2025 - Is there a breathing space?

In the Malaysian Budget 2024, the Global Minimum Tax (GMT) is expected to be implemented in 2025. This means that multinational enterprises (MNEs) with year-end beginning on or after 1 January 2025 will be the first group to be affected. Will there be a breathing space for the affected MNEs?

In the Malaysian Budget 2024, the Global Minimum Tax (GMT) is expected to be implemented in 2025. This means that multinational enterprises (MNEs) with year-end beginning on or after 1 January 2025 will be the first group to be affected. Will there be a breathing space for the affected MNEs?

Perspectives

Electronic Invoicing: A peek into our not-too-distant future

The Inland Revenue Board of Malaysia has announced that companies with an annual turnover of MYR 100 million would be required to comply with electronic invoicing requirements from 1 June 2024. This is part of the first phase, which forms an ultimate plan for all companies to be compliant by 2027.

The Inland Revenue Board of Malaysia has announced that companies with an annual turnover of MYR 100 million would be required to comply with electronic invoicing requirements from 1 June 2024. This is part of the first phase, which forms an ultimate plan for all companies to be compliant by 2027.

Perspectives

Where are we on the Global Minimum Tax?

In the upcoming Budget 2024 announcement on 13 October, Global Minimum Tax (GMT) is among the key tax proposals expected to be announced regardless of when Malaysia chooses to begin.

In the upcoming Budget 2024 announcement on 13 October, Global Minimum Tax (GMT) is among the key tax proposals expected to be announced regardless of when Malaysia chooses to begin.

Perspectives

Malaysia Budget 2024

Pre-Budget Expectations

Questions and answers by Deloitte Malaysia’s Tax Executive Directors

Questions and answers by Deloitte Malaysia’s Tax Executive Directors

Perspectives

GMT – A Wake-up Call for CFOs

Taxpayers need to prepare for a potential 2024 implementation of the Global Minimum Tax (GMT). Tan Hooi Beng, International Tax Leader of Deloitte Malaysia & Southeast Asia, shares key insights into amendments made to International Accounting Standard (IAS) 12 to take into account GMT top-up taxes.

Taxpayers need to prepare for a potential 2024 implementation of the Global Minimum Tax (GMT). Tan Hooi Beng, International Tax Leader of Deloitte Malaysia & Southeast Asia, shares key insights into amendments made to International Accounting Standard (IAS) 12 to take into account GMT top-up taxes.

Perspectives

Modernising the SST

The current Sales and Service Tax (SST) attracts multiple layers of tax through the supply chain. Senthuran Elalingam, Tax Technology Consulting Leader of Deloitte Malaysia, explores measures to modernise the SST to maintain our economic competitiveness and attractiveness as an investment destination.

The current Sales and Service Tax (SST) attracts multiple layers of tax through the supply chain. 

Perspectives

Are we ready for new taxes?

Are we ready for new taxes?

Perspectives

Knowing cross-border tax issues for 2023

Knowing cross-border tax issues for 2023

Perspectives

Global Minimum Tax is Inexorable

Global Minimum Tax is Inexorable

Perspectives

Budget 2022 – Impact on investment management

Budget 2022 – Impact on investment management

Article

Global Minimum Tax is coming to town

Global Minimum Tax is coming to town