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.
Be prepared for potential transfer pricing audits by tax authorities. Ensure that your transfer pricing documentation is readily available, organized, and easily accessible.
There is an increasing focus on transfer pricing documentation for intragroup loans in Malaysia. Tax authorities expect comprehensive documentation that demonstrates the arm's length.
In Singapore Taxpayers are required to review and update your transfer pricing documentation annually to ensure its accuracy and relevance.