LHDNM - Guidelines on The Implementation of Global Minimum Tax In Malaysia
On 2 December 2024, Lembaga Hasil Dalam Negeri Malaysia (LHDNM) issued Guidelines on The Implementation of Global Minimum Tax (GMT) In Malaysia (Guidelines). The Guidelines explain the implementation of the GMT legislation as provided under Part XI of the Income Tax Act 1967 (ITA). It outlines the Director General of Inland Revenue’s (DGIR) interpretation and administration of the GMT legislation, including the relevant policies and procedures. However, in the event of inconsistencies, GloBE Rules should take precedence.
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