'Brainport is an economic success story, but also the place where everyone should have opportunities'

1. The success of the Brainport region is leading to significantly more jobs and residents in the coming years. The region is gearing up for a jump in scale, putting pressure on society. Every resident must be able to participate, but that does not happen by itself. In addition to support from the national government, the business community is investing in measures in the areas of talent development, accessibility, housing and equal opportunities through the Brainport Partner Fund. NXP is one of the companies that have joined the fund. Director Jean Schreurs of NXP Netherlands: “Brainport should not only be an economic success story, but also a place where everyone gets opportunities.”

Malaysia’s Global Minimum Tax: Key Implications for Multinationals

 1. Malaysia has implemented the Global Minimum Tax (GMT) as part of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS).

2. Under Malaysia’s GMT framework, two key tax mechanisms have been introduced to ensure compliance with the 15 percent minimum effective tax rate. The Domestic Top-up Tax (DTT) applies to Malaysian entities, ensuring they meet the required tax threshold, while the Multinational Top-up Tax (MTT) is designed for MNEs operating in Malaysia to align their global income taxation with international standards.

3. Companies falling below this threshold must file a top-up tax return, with transitional penalty relief available to support businesses during the initial implementation phase.

4. This framework, effective from January 1, 2025, is part of Malaysia’s commitment to aligning its tax policies with OECD guidelines and maintaining competitiveness within the ASEAN region.