global minimum tax rate
Global minimum tax implementation likely to be delayed until 2024
The expected push back is amidst recent developments in Europe.
The implementation of the global minimum tax of 15% by 2023 might be delayed until 2024, according to an expert from KPMG.
KPMG Partner Mark Addy said the pushback will likely be due to the recent developments in Europe – hitting record inflation, the ongoing Russia-Ukraine conflict, and more.
Addy, however, said the implementation will not be delayed beyond 2024 given the very strong momentum for the global minimum tax.
Global minimum tax implementation likely to be delayed until 2024
The expected push back is amidst recent developments in Europe.
The implementation of the global minimum tax of 15% by 2023 might be delayed until 2024, according to an expert from KPMG.
KPMG Partner Mark Addy said the pushback will likely be due to the recent developments in Europe – hitting record inflation, the ongoing Russia-Ukraine conflict, and more.
Addy, however, said the implementation will not be delayed beyond 2024 given the very strong momentum for the global minimum tax.
Global minimum tax and its potential impact on business planning for MNCs in Singapore
Singapore is a well-known magnet for global hubs, alongside Hong Kong, Ireland and Switzerland, with many multinational companies (MNCs) choosing Singapore as their base for the region.
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