On 8 October 2021 the Inclusive Framework on Base Erosion and Profit Shifting released details of an agreement which refines the statement of 1 July 2021.  In terms of consensus, 136 of the 140 Inclusive Framework countries have agreed to this release.  The four countries that have not signed up are Kenya, Nigeria, Pakistan and Sri Lanka.

Consistent with the statement of 1 July 2021, covered previously, two Pillars are covered.  Pillar 1 deals with the reallocation of certain profits from very large Mutlinational Enterprises to market jurisdictions.  Pillar 2 deals with a Global Minimum Tax.

The statement annex includes a detailed implementation plan with timelines for the development of detailed rules, for legislative implementation, and target effective dates.

A copy of KPMG’s insights can be accessed via the above link.

Tai Lai Kok

Executive Director
- Head of Tax

Nicholas Crist

Executive Director
- Corporate Tax

Bob Kee

Executive Director
Head of Transfer Pricing

Petaling Jaya Office

Tai Lai Kok
Executive Director -
Head of Tax and Head of Corporate Tax
+ 603 7721 7020

Long Yen Ping
Executive Director -
Head of Global Mobility Services
+ 603 7721 7018

Bob Kee
Executive Director -
Head of Transfer Pricing
+ 603 7721 7029

Ng Sue Lynn
Executive Director -
Head of Indirect Tax
+ 603 7721 7271

Soh Lian Seng
Executive Director -
Head of Tax Dispute Resolution
+ 603 7721 7019


Outstation Offices

Penang Office

Kuching & Miri Office

Evelyn Lee
Executive Director -
Penang Tax
+604 238 2288 (ext. 312)

Regina Lau
Executive Director -
Kuching & Miri Tax
+6082 268 308 (ext. 2188)

Kota Kinabalu Office

Johor Bahru Office

Titus Tseu
Executive Director -
Kota Kinabalu Tax
+6088 363 020 (ext. 2822)

Ng Fie Lih
Executive Director -
Johor Bahru Tax
+607 266 2213 (ext. 2514)

Ipoh Office


Crystal Chuah Yoke Chin
Tax Manager -
Ipoh Tax
+605 253 1188 (ext. 320)