Malaysia today starts levying goods and services tax (GST) at 6%, replacing sales and services tax. Advisers report grey areas, especially in the healthcare and financial sectors, though say that Malaysia's Revenue and Customs Department (RMCD) has been acting to provide clarity by filling in the gaps.
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Pillar two might be top of mind for many multinational companies, but the huge variations between countries’ readiness means getting ahead of the game now, argues Russell Gammon, chief solutions officer at Tax Systems.