Navigating Transfer Pricing Complexities: Latest Tax Updates on Transfer Pricing Rules

INTRODUCTION

On May 29, 2023, Malaysia’s Minister of Finance (MOF) gazetted the “Income Tax (Transfer Pricing) Rules 2023” (P.U.(A) 165/2023), i.e. “new transfer pricing rules”. The new transfer pricing rules now replace the previous “Income Tax (Transfer Pricing) Rules 2012” (P.U.(A) 132/2012). By understanding and adhering to transfer pricing regulations, you will learn how to ensure compliance, avoid double taxation, avoid penalties, and mitigate disputes with tax authorities. This webinar will provide you with the information and advice you need to stay compliant and avoid any costly penalties when it comes to transfer pricing.

COURSE OUTLINE

• Learn the best practices for establishing transfer pricing policies and strategies

• Get insights into the transfer pricing documentation requirements for Malaysia

• An overview of the transfer pricing rules applicable to intragroup loans in Malaysia, and the associated risks

• Important Updates from the Latest Transfer Pricing Guidelines

• How to incorporate the new policies into daily operations

• Actions the taxpayer should take in response to the new standards

• Recent tax cases on transfer pricing issues.