Workshop: Charting BEPS Pillar Two

The Base Erosion and Profit Shifting (“BEPS”) Pillar Two Rules are a key component of the Organization for Economic Co-operation and Development (“OECD”)’s Two Pillar Solution, which reforms the international taxation rules to ensure large multinational enterprises (“MNEs”) pay a global minimum tax (“GMT”) of 15%. As of May 2024, over 145 countries, including Malaysia, have signed on, with GMT effective in Malaysia from financial years beginning on or after 1 January 2025.

Although the headline corporate tax rate in Malaysia is 24%, the Effective Tax Rate ("ETR") for GMT purposes may fall below 15%, potentially triggering a Top-up Tax. MNEs must assess the impact of GMT and determine whether any jurisdictions in which they operate qualify for safe harbors. Where relevant, MNE groups should re-evaluate tax incentives being enjoyed, as existing benefits will be impacted post-BEPS Pillar Two implementation in Malaysia.

In supporting MNEs with BEPS Pillar Two, we have observed common challenges, including coordination within the sub-group in the same jurisdiction, complexities of data sources, lack of certain data points required for the GloBE return and computation within existing data systems, local deviations and nuances.

Join us at this exclusive, invitation-only event, where we will:

• Share an overview and the latest updates on BEPS Pillar Two
• Discuss GMT’s impact on tax incentives and explore potential future of tax incentives
• Highlight key steps for an Ultimate Parent Entity to get ready
• Share practical insights and challenges in implementation
• Showcase our tax technology tool to assist with compliance

Who should attend:

• Chief Financial Officer or equivalent
• Head of Tax
• Finance / Tax Managers
• Accountants
• Accounts / Finance / Tax personnel