Malaysia legislation

Section 175

of AKTA KEWANGAN (NO. 2) 2023

Seksyen 175

Kewangan (No. 2)

Multinational Top-up Tax Percentage for a jurisdiction for a Financial Year shall be the positive percentage point difference, if any, computed in accordance with the following formula:

A – B where

A is the Minimum Rate; and

B is the Effective Tax Rate determined in accordance with section 174 for the jurisdiction for the Financial Year.