It was the last week of March, two of our directors, Adriana Calderon and Hong Chuan Tan flew from Singapore and Australia to have a quick catch-up on the work plans of Transfer Pricing Solutions Malaysia and the team. (P.S. being nominated as Asia’s best newcomer 2019 in the International Tax Review Asia means we have a lot to live up to).
At the same time, it is a tradition of Transfer Pricing Solutions to organise team events whenever we find the opportunity to get together. This round, we thought of doing some sightseeing and enjoying the local cuisine. So here we go!
We made our way to the Thean Hou Temple which is located at Seputeh, Kuala Lumpur. The temple was built by the Hainanese in order to commemorate the Goddess of Thean Hou and it is known to be one of the largest Chinese temple in South East Asia.
From the top level of the temple, we were able to enjoy the breath-taking view of the Kuala Lumpur Skyline.
The statues resembling the 12 Chinese zodiac animals caught our attention at the entrance of the temple. Generally, each Chinese zodiac animal has personality traits assigned to it by the ancient Chinese. Chinese people believe these traits will be embodied in people, according to their zodiac sign. We captured a few fun snaps at the temple and left to the next venue.
Nestled in lush greenery, just a couple of kilometres from our office, we found a gem, the Siu Siu restaurant. This restaurant, which sits at the edge of bustling Kuala Lumpur, serves local Chinese dishes.
Here, we ordered a variety of dishes from seafood to other local delicacies. The ambience, service and food were great. It didn’t take us long to figure our favourite meal which was the salted egg crab.
We will surely come back here during our future team dinners. Overall, we enjoyed our team outing and ended the day with happy
We look forward to our next team event!
An interactive and informative webinar ideal for CFOs, tax managers and finance managers with multinational or domestic companies Malaysia to better understand the implications of Covid-19 based on OECD guidelines.
With the new transfer pricing changes in Malaysia and the new transfer pricing documentation standard, a benchmarking analysis that is reliable and defendable, is key when preparing transfer pricing documentation. For this reason, we have compiled key tips that in our experience will help you getting a benchmarking analysis right.
The Inland Revenue Board of Malaysia (“IRBM”) adopts the arm’s length principle as a basis to determine the transfer price of a transaction between associated entities. Arm’s length price is the price which would have been determined if such transactions were entered between independent entities under the same or similar circumstances.