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.
With increasing scrutiny, transfer pricing audits are becoming more common. Failure to comply with documentation requirements can lead to significant penalties.
The IRBM has recently issued a Frequently Asked Questions to address the questions taxpayers and tax professionals regarding the Transfer Pricing Surcharge.
Malaysia taxpayers will be required to include the date on which their contemporaneous TP documentation is completed from YA 2023.