PKF Malaysia

Home Events Archives Events 2022 Transfer Pricing Workshop webinar
Archives Events • 2022-03-23

2022 Transfer Pricing Workshop webinar

Mastering Preparation of Minimum Transfer Pricing Documentation in 2 Hours

Effective 1 January 2021, new provisions relating to Transfer Pricing (TP) were introduced in the Income Tax Act, 1967 imposing a more stringent compliance requirement and imposing a hefty penalty for failure to furnish contemporaneous TP documentation (TPD) within 14 days upon the IRB’s request will be liable to a penalty of RM20,000 to RM100,000 per company per year of assessment (YA). For companies seeking to prepare their own in-house TPD, it is important to note that TP documentation that is not prepared in accordance with the Malaysian TP guidelines will be rejected by the IRB and the non-compliance TP penalty will still be imposed. In addition, incorrect information disclosed in the in-house TPD may result in serious consequences of exposing a company to potential tax audit risks.

In this workshop, we will provide you a step-by-step guidance on how to prepare a minimum TPD which is in compliance with the Malaysian TP guidelines in order to avoid the non-compliance TP penalty. The speaker will also share his experience in identifying potential tax audit risks in preparing minimum TPD and the practical ways to address the tax issues identified. The contents of this practical workshop will cover the following main topics:

Programme Outline:
• Transfer Pricing Flowchart issued by IRB: Latest Update
• Types of Transfer Pricing Reports
• Transfer Pricing Methods
• Step-by-Step in Preparing Minimum Transfer Pricing Report
• Common Mistakes in Preparing Minimum Transfer Pricing Report
• Final Takeaway
• Questions & Answers

Who should attend:
• CEOs/ CFOs
• Financial Directors
• Financial Controllers / Finance Mangers
• Accountants / Treasurers


Register now -

See more Archives Events items