What is Malaysia approach for Transfer Pricing Surcharges?
Knowledge • What is Malaysia approach for Transfer Pricing Surcharges?
Knowledge • What is Malaysia approach for Transfer Pricing Surcharges?
The Inland Revenue Board of Malaysia (“IRBM”) has recently issued a Frequently Asked Questions (“FAQ”) to address the questions taxpayers and tax professionals have regarding the Transfer Pricing (“TP”) Surcharge under Subsection 140A (3C) of the Income Tax Act (“ITA”).
The key issues clarified by the IRBM in the FAQ are:
Taxpayers should continuously monitor their transfer prices and review them regularly to mitigate the risk of a TP audit. Transfer Pricing Solutions Malaysia can assist with practical and cost-effective solutions for Entrepreneurs, Start-Ups or SMEs.
Join us in this workshop as we delve into real-life case studies to share practical knowledge on managing transfer pricing in Singapore and the Asia Pacific region.
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