No one, regardless of their size, can escape taxes for long. Starting next year, Malaysia will implement the 15% Global Minimum Tax, following Prime Minister Datuk Seri Anwar Ibrahim's announcement during Budget 2024.
This tax will affect multinational corporations worldwide, ensuring they can no longer evade taxes through profit sharing or moving to low-tax jurisdictions.
Currently, only four countries — Kenya, Nigeria, Pakistan, and Sri Lanka — have yet to sign up for the GMT. However, this may change in the coming months of 2024 as the GMT approaches global implementation in 2025.
#PEGH #Taxation #Investments #WorldInvestment #GlobalMinimumTax #MNC #TaxHaven #TaxEvasion #Corporate #OCED #GlobalMinimumCorporateTaxRate #Finance #FinancialLiteracy #PotentialExcelerateGroupHolding
This tax will affect multinational corporations worldwide, ensuring they can no longer evade taxes through profit sharing or moving to low-tax jurisdictions.
Currently, only four countries — Kenya, Nigeria, Pakistan, and Sri Lanka — have yet to sign up for the GMT. However, this may change in the coming months of 2024 as the GMT approaches global implementation in 2025.
#PEGH #Taxation #Investments #WorldInvestment #GlobalMinimumTax #MNC #TaxHaven #TaxEvasion #Corporate #OCED #GlobalMinimumCorporateTaxRate #Finance #FinancialLiteracy #PotentialExcelerateGroupHolding
Thinking about short-term investing? Here's a quick rundown:
Pros👍
🔸 Fast gains in volatile markets.
🔸 Agile response to trends.
🔸 Variety: stocks, crypto, and more.
Cons👎
🔸 High risk with market flux.
🔸 Extra costs in active trades.
🔸 Emotional control required.
Wealth can be made quickly, yet risks and discipline are key. Learn and strategies before you leap.
#PEGH #Taxation #Investments #PotentialExcelerateGroupHolding #ShortTermInvesting #Trading #StockMarket #X
Pros👍
🔸 Fast gains in volatile markets.
🔸 Agile response to trends.
🔸 Variety: stocks, crypto, and more.
Cons👎
🔸 High risk with market flux.
🔸 Extra costs in active trades.
🔸 Emotional control required.
Wealth can be made quickly, yet risks and discipline are key. Learn and strategies before you leap.
#PEGH #Taxation #Investments #PotentialExcelerateGroupHolding #ShortTermInvesting #Trading #StockMarket #X
Got a business that's all online? In Malaysia, even digital businesses need to pay taxes just like any other shop on the street. The LHDN says you've got to register for a tax number and tell them about your earnings.
Keep a hold of your business records — like bills and bank statements — for seven years. They're important if the tax office ever wants to check up on you.
When it’s time to sort your taxes, use the ByrHASIL app. It's all online, so it should be pretty straightforward, especially if you're used to doing things on the web.
#PEGH #Investing #Taxation #Investments #ShortTermInvesting #DayTrading #Trading #StockMarket #WallStreet
Keep a hold of your business records — like bills and bank statements — for seven years. They're important if the tax office ever wants to check up on you.
When it’s time to sort your taxes, use the ByrHASIL app. It's all online, so it should be pretty straightforward, especially if you're used to doing things on the web.
#PEGH #Investing #Taxation #Investments #ShortTermInvesting #DayTrading #Trading #StockMarket #WallStreet