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IN THE NEWS

Be practical in choosing transfer pricing methodologies

ALL intercompany transactions for tax purposes must be conducted on an arm’s length basis (i.e. conducted on similar terms and conditions comparable to similar transactions undertaken between entirely unconnected third parties). The Malaysian Inland Revenue Board...

Problems surrounding change in service tax rate

THE Royal Malaysian Customs Department (RMCD) issued a draft guideline on the transition of service tax rate on Feb 7. The general assumption is that the change in service tax rate from 6% to 8% from March 1, 2024 is a straightforward affair, and many may think that...

Corporates must pay more attention to indirect taxes

TAXPAYERS have a tendency to pay greater attention to direct tax matters such as income tax. This is because taxpayers have difficulty in disassociating them-selves as individuals and the responsibilities of the corporates that they represent. The sad thing is that,...

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Prepare yourself for the changing landscape of Transfer Pricing.
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