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TTCS: Know Where You Stand With Your Transfer Pricing Documentation
ARE YOU READY WITH YOUR TRANSFER PRICING (TP) DOCUMENTATION?
With the introduction of the penalties for not having documentation and the 5% surcharge that will automatically applied whenever there is adjustment, any missteps in your transfer prices can be very costly. You should review your current domestic and cross border related party transactions, past TP Documentation and future inter-company transactions to ensure that it complies with the Malaysian TP Legislation.
We have substantial experience in all TP matters headed by our Managing Director, SM Thanneermalai who started the first TP practice in Malaysia back in 1996. We provide the full suite of TP services including the preparation of TP documentation. Please contact us if you need our assistance.