Top 10 Transfer Pricing Tips for: Traditional industries, manufacturers, distribution and service providers
Events • Top 10 Transfer Pricing Tips for: Traditional industries, manufacturers, distribution and service providers
Events • Top 10 Transfer Pricing Tips for: Traditional industries, manufacturers, distribution and service providers
With the recent changes in Malaysia Transfer Pricing legislation, the Malaysia tax authority continues to focus on transfer pricing reviews. Are the recent changes affecting traditional industries? Where are the key transfer pricing risks? What key considerations and best practices need to be applied to ensure a coherent TP report?
IN THIS WEBINAR 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).
