Costly transfer pricing pitfalls: What are the common mistakes made by Malaysian companies? — Sarah Chew | What You Think
Monday, 24 May 2021 06:41 PM MYT Subscribe to our Telegram channel for the latest updates on news you need to know. MAY 24 — With the recent tightening in transfer pricing (TP) requirements and increasing tax audit activity in Malaysia, this is a good time for Malaysian companies to review and improve their TP practices. TP is a tax concept which requires group companies to transact at market prices with one another, similar to transactions between independent companies. Since 2009, Malaysia has TP rules in place, which require companies to prepare TP documentation to demonstrate the arm’...
Source: malaymail.com