Update of Malaysian Transfer Pricing Rules 2023

INTRODUCTION

Recently our Ministry of Finance issued the Income Tax (Transfer Pricing) Rules 2023 (“Malaysian TP Rules 2023”). This replaces the Income Tax (Transfer Pricing) Rules 2012 which was issued in May 2012. The latest Malaysian TP Rules 2023 is effective from year of assessment 2023

COURSE OUTLINE

• Key changes in the TP Rules 2023 compared to TP Rules 2012

• How the changes affect the preparation of TP documentation

• Director General’s power on TP adjustments

• Common TP issues and ways in managing TP risks

• Challenges in TP audit

PROFILE(s)

Ho Yi Hui has over 20 years’ experience in tax compliance and tax advisory assignments. She is now an Executive Director of Hanz Consulting Group Sdn Bhd (“Hanz”). Before joining Hanz, she worked with BDO Tax Services Sdn Bhd (“BDO”) and RSM Tax Services Sdn Bhd (“RSM”). As an Executive Tax Director of BDO and RSM, she has been involved in the provision of tax compliance matters of public listed companies, multinationals and medium to large private companies. She has handled tax matters for corporations of various sizes involved in construction, property development, hotels, insurance, and manufacturing. Since 2009, she has been extensively involved in representing tax payers in resolving tax audit and tax investigation cases with the Malaysian Inland Revenue Board. In addition, she has assisted clients in the preparation of transfer pricing documentation. She is a fellow member of the Association of Chartered Certified Accountants (ACCA). Apart from this; she is a licensed tax agent under Section 153 of the Income Tax Act, 1967 and licensed GST Tax Agent under Section 170 of the GST Tax Act 2014. She is also a professional trainer certified by the Human Resources Development Fund (HRDF).