INTRODUCTION
Transfer Pricing has drawn the attention of tax authorities the world over, and the situation is no different with regards the tax authority in Malaysia. Accordingly, it is important for businesses to understand the fundamentals of the transfer pricing rules in Malaysia.
Participants of this training will therefore be provided with knowledge that covers the importance of transfer pricing, the legal framework, the application of arm’s length principle, the methodologies of transfer pricing, the necessary documentations and the penalties to be imposed from breaches of the law and requirements, as at 30th April 2022.
OBJECTIVE
- Appreciate the importance of transfer pricing to multinational enterprises and SMEs
- Analyze the legal framework of Malaysia for transfer pricing, based on transfer guidelines for Malaysia and OECD
- Explain the concept of ‘the arm’s length principle’
- Explain the concept of comparability and undertake comparability analysis and illustrate various transfer pricing methods
- Explain issues behind specific transactions
- Explain the steps to be taken behind documentation for transfer pricing
