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EVOLVING TRANSFER PRICING LANDSCAPE IN MALAYSIA - WEBINAR
Events - 2020-09-22

EVOLVING TRANSFER PRICING LANDSCAPE IN MALAYSIA - WEBINAR

In recent years, we have seen major changes in Malaysia’s
transfer pricing (“TP”) landscape that are affecting businesses
in this increasingly challenging business environment,
especially those with local and overseas related party
transactions.

Transfer pricing is not something new, in fact, TP concept was
first introduced into the Malaysian tax legislation on 1 January
2009. Over the years, the Malaysian TP landscape has evolved
rapidly with the Inland Revenue Board (IRB) becoming
increasingly aggressive and vigilant in scrutinising both local
and cross border related party transactions. On 15 July 2017,
TP Guidelines 2012 were updated to reinforce the existing
standards in line with the latest international taxation and TP
requirements. Subsequently in the Finance Bill 2018, the
parameters of the “control test” was widen to include
associated companies with 20% shareholding or more. The
amendments and updated guidelines signal a reinforced focus
by the IRB on TP and it is expected that there will be a
significant increase in TP audits going forward. With these
changes, it is important that businesses review their operational
structures and intercompany arrangements to ensure full
compliance with the existing tax law in Malaysia in order to
avoid punitive actions by the IRB.

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PKF Free Webinar - 3rd Series
Events - 2020-09-15

PKF Free Webinar - 3rd Series

IRB’S INQUIRY-AUTOMATIC EXCHANGE OF INFORMATION (AEOI)

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PKF Free Webinar - 1st Series
Events - 2020-07-16

PKF Free Webinar - 1st Series

TAX SAVING STRATEGIES DURING COVID-19 AND FINAL AMENDMENTS OF GST RETURN

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Events - 2020-06-30

The Impact of Section 17A. What can SME do to Protect Themselves

Are you aware of The Corporate Liability Provision amendment in the Malaysian Anti-Corruption Commission (MACC) Act 2018?

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Events - 2019-11-05

2020 PKF PENANG TAX SEMINAR

Organised by PKF, this year's tax seminar provides businesses with a practical understanding of the key Budget proposals including risks, opportunities, and highlights on the latest developments in the tax landscape in Malaysia including current changes in SST.

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Events - 2019-10-31

2020 PKF TAX SEMINAR

Organised by PKF, this year's tax seminar provides businesses with a practical understanding of the key Budget proposals including risks, opportunities, and highlights on the latest developments in the tax landscape in Malaysia including current changes in SST.

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