Malaysia Pillar 2 Global Minimum Tax Implementation Timeline and FAQ

The Inland Revenue Board of Malaysia updated its guidance page on the Pillar 2 GloBE rules, including the addition of:

• Implementation Timeline of Global Minimum Tax (GMT) in Malaysia; and
• Frequently Asked Questions (FAQ) on GMT.

Regarding implementation, an infographic includes the following key dates:

• 1 January 2025 - Effective Date for MNE groups with a consolidated financial statement period beginning on or after 1 January 2025;
• 31 December 2025 - Closing date for the first MNE grou…