Global Minimum Tax and the Future of International Taxation
Knowledge • Global Minimum Tax and the Future of International Taxation
Knowledge • Global Minimum Tax and the Future of International Taxation
This article will speculate on the future of international taxation in light of global minimum tax policies, including potential trends
and challenges that may arise.
The recent OECD/G20 agreement on global minimum tax rules has marked a significant milestone in international taxation. The agreement, which
aims to ensure that multinational corporations (MNCs) pay their fair share of taxes, has far-reaching implications for the future of
international taxation.
In this article, we will speculate on the future of international taxation in light of global minimum tax policies, including potential
trends and challenges that may arise.
Conclusion:
In conclusion, the future of international taxation is likely to be shaped by global minimum tax policies. While these policies represent a major step towards creating a more fair and transparent tax system, there are still many challenges ahead. It will be important for governments, businesses, and international organizations to work together to address these challenges and ensure that the global tax system is fit for purpose in the 21st century.
Get in touch to discuss your transfer pricing and international taxation requirements.
This workshop aims to provide actionable insights and tools for finance professionals, tax advisors, and business leaders to effectively manage transfer pricing within their respective industries.
This webinar will provide you with the top practical tips for success! We’ll discuss best practices for intragroup financing in the region, including regulatory and risk management issues and potential pitfalls.
This seminar is designed to share practical knowledge through real life case studies about key aspects of managing transfer pricing risks.
Our expert speakers will discuss the latest trends in intra-group services in Malaysia and offer advice on how to develop effective management strategies.
This webinar aims to provide participants across Singapore and Asia with a comprehensive understanding of the Global Minimum Tax (GMT) framework.
This webinar aims to provide participants with a foundational understanding of transfer pricing principles, global standards, and their importance in intercompany transactions.
This session will delve into the significance of withholding tax when dealing with international payments.
Learn the latest Singapore & Asia-Pacific transfer pricing trends. Update policies, manage risks.
Join us in this workshop in collaboration with TAKX as we delve into real-life case studies to share practical knowledge on managing transfer pricing in Singapore and the Asia Pacific region.
In multinational enterprises, it is common for parent companies or group service companies to provide intra group services to related parties. These services are outsourced to the group service provider for business convenience and efficiency reasons.
Malaysian Taxpayers who use the 5% markup concession are still required to prepare documentation to address other fundamentals aspects of a service charge.
Transfer pricing refers to the pricing of transactions between related parties, such as sales of goods, provision of services, or financial arrangements. To ensure these transactions are conducted at arm’s length, the Inland Revenue Board of Malaysia (IRBM) requires taxpayers to prepare Transfer Pricing Documentation (TPD).
The Introduction to Transfer Pricing workshop is designed to arm participants with an understanding of transfer pricing as well as transfer pricing compliance in various Asia Pacific countries.
Comprising all of 180 pages long excluding appendices, the TP guide certainly has gotten the attention of many businesses and the tax community, both in Malaysia and Singapore.
From 1 January 2025 to 31 December 2034, companies operating in qualifying sectors can apply to the Malaysian Investment Development Authority (MIDA) for the various tax incentive schemes under the JS-SEZ Tax Incentives Package.
This webinar is designed to provide participants with practical strategies and insights for managing the complexities of intragroup financing in Malaysia.
Comprising all of 180 pages long excluding appendices, the TP guide certainly has gotten the attention of many businesses and the tax community, both in Malaysia and Singapore.
One of the hottest topics this month is the Special Economic Zone in Johor jointly run by Malaysia and Singapore that will see the creation of 20,000 skilled jobs in the first five years.
The Johor-Special Economic Zone (JS-SEZ) is a strategic initiative between Singapore and Malaysia aimed at fostering cross-border economic growth.
Since 2017, the Inland Revenue Authority of Singapore (IRAS) has provided indicative margins to help businesses determine an arm’s length interest rate for related party loans. In this article we example the margins.
As of January 1, 2025, new amendments to Singapore's Transfer Pricing (TP) regulations will impact how intra-group loans are handled—specifically for domestic financing arrangements. These updates introduce significant changes that businesses must consider to ensure compliance and avoid potential tax penalties. Here’s what you need to know.
