Services transactions are the most challenged transaction in the Malaysian region. Why?
Because is easy to challenge. Most authorities know very well what to expect and how to challenge they are well trained. In other words is easy money to get.
The myth that using the “cost plus 5% mark-up” practice for any intra-group services transaction makes an organisation compliant with
transfer pricing regulations runs deep and is widely followed, but is ultimately erroneous.
During this webinar, participants will gain practical tips to manage a company’s transfer pricing policy and processes with regard to intra-group services transactions.
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.