End of the year transfer pricing tips for Malaysian taxpayers
Events • End of the year transfer pricing tips for Malaysian taxpayers
Events • End of the year transfer pricing tips for Malaysian taxpayers
Transfer Pricing has been a hot topic in recent years. As if this was not sufficient to keep executives awake, the ongoing pandemic
certainly brought on an extra layer of complexity, not to mention the ongoing changes to transfer pricing rules in Malaysia.
How do tax and transfer pricing specialists manage TP risks in such unprecedented times where information may not be available for
benchmarking purposes or they are faced with unique situations?
During this webinar, participants will gain practical tips to learn key transfer pricing tips for year end in Malaysia.
including key considerations and best practices that need to be applied to ensure a coherent and compliant transfer pricing report.
WHAT WE'LL COVER
In multinational enterprises, it is common for parent companies or group service companies to provide intra group services to related parties. These services are outsourced to the group service provider for business convenience and efficiency reasons.
Malaysian Taxpayers who use the 5% markup concession are still required to prepare documentation to address other fundamentals aspects of a service charge.
Transfer pricing refers to the pricing of transactions between related parties, such as sales of goods, provision of services, or financial arrangements. To ensure these transactions are conducted at arm’s length, the Inland Revenue Board of Malaysia (IRBM) requires taxpayers to prepare Transfer Pricing Documentation (TPD).
