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What exactly is the Global Minimum Tax (GMT)?

Updated: Nov 4, 2023

The Global Minimum Tax (GMT) is an initiative designed to ensure that multinational corporations pay their fair share of taxes globally.


The goal of the GMT is to address the challenges posed by the digital economy to ensure that corporations do not minimise their tax obligations by, for example, setting up subsidiaries in low-tax countries.


Through the GMT, participating countries agree to set one of the lowest effective tax rates in the world to prevent multinational companies from evading taxes.


This will help to maintain tax fairness and reduce abusive cross-border tax planning.


GMT implementation plans typically consist of two pillars, the first dealing with the taxation of the digital economy and the second introducing the concept of a global minimum tax rate.


The GMT aims to create a fairer and more sustainable global tax system.


Malaysia Government has announced in Budget 2024 that the GMT is expected to be implemented in 2025 and will continue to observe the international development of GMT.






全球最低税(GMT)究竟是什么?


全球最低税(GMT)是一项旨在确保跨国公司在全球范围内支付公平税款的倡议。


全球最低税(GMT)的目标是解决数字化经济带来的挑战,以确保公司不会通过在低税率国家设立子公司等方式来减少纳税义务。


通过全球最低税(GMT),参与国家同意设定一个全球最低的有效税率,以防止跨国公司逃避税收。


这将有助于维护税收公平和减少跨国税收规划的滥用。


全球最低税(GMT)的实施计划通常包括两个支柱,第一个支柱处理数字经济的税收问题,第二个支柱引入了全球最低税率的概念。


全球最低税(GMT)旨在建立一个更公平和可持续的全球税收制度。


马来西亚政府已在2024年财政预算案中宣布,全球最低税(GMT)预计将于2025年实施,并将继续观察全球最低税(GMT)的国际发展情况。





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