Malaysia TP Documentation can include either Full TP Documentation or Simplified TP Documentation. Having transfer pricing documentation prepared by the Malaysia taxpayers will provide IRBM with useful information to conduct an informed transfer pricing risk assessment and thorough audit.
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?