Tackling Transfer Pricing In Malaysia

InsightsTackling Transfer Pricing In Malaysia

Tackling Transfer Pricing In Malaysia.

New requirement for contemporaneous transfer pricing (TP) documentation to be prepared prior to the due date for filing the tax return, removal of the provision for offsetting adjustments, and a new definition of arm’s length range - these are just some of the changes introduced by the Income Tax (Transfer Pricing) Rules 2023 (hereafter referred to as “2023 TP Rules”) to Malaysia’s TP regime.  

“With the introduction of the 2023 TP Rules, certain aspects of Malaysia’s new TP regime are becoming more similar to Singapore’s,” shared Adriana Calderon, Director – Asia and Malaysia, and Hong Chuan Tan, Director – Malaysia, Transfer Pricing Solutions Asia, in a webinar organised by the Singapore Chartered Tax Professionals. “

Yet, taxpayers cannot assume that the two TP regimes are the same as many nuanced differences, both in terms of actual TP rules and tax authorities’ administration, remain.”

Malaysia: Key Changes Arising from the 2023 TP Rules

The introduction of the 2023 TP Rules brings about several important changes to the Malaysia TP regime. Malaysian taxpayers should review and update their TP policies and TP documentations for the relevant YAs. Malaysian taxpayers looking to rectify prior year TP errors may consider the special voluntary disclosure programme available till 31 May 2024.

Tackling Transfer Pricing in Singapore & Malaysia.

Understand the changes with the new transfer pricing rules in Malaysia.


8 Nov

Mastering Transfer Pricing in Asia - ISCA

Transfer pricing is a rapidly evolving area of taxation that demands attention from both tax authorities and business leaders.

25 Oct

Staying Ahead on Transfer Pricing Trends and Developments - ISCA

In this half-day course, the participants will learn how the MNEs are impacted by the recent transfer pricing developments and the practical strategies

25 Oct

Understanding the Basics of Global Minimum Tax

This article will provide an overview of what global minimum tax is, why it's important, and how it impacts multinational corporations and the global economy.