Defective Transfer Pricing Documentation is Trouble

Defective Transfer Pricing Documentation is Trouble

ALL pricing of intercompany transactions will require to be documented in the Transfer Pricing Documentation (TPD) which is mandatorily required under the Malaysian Income Tax Legislation. However, there is a concession by the Inland Revenue Board (IRB) where TPD will...
Take 5 with Thannees: Episode 11

Take 5 with Thannees: Episode 11

2020 was indeed a challenging year for all of us. Nevertheless, we keep our spirits high and always begin the New Year stronger! We believe 2021 will definitely be a much better year, with the vaccines coming in – we hope businesses will regain what was lost in...
Take 5 with Thannees: Episode 10

Take 5 with Thannees: Episode 10

Our Managing Director, Mr Thanneermalai sheds light on the newly introduced transfer pricing surcharge. Find out how this new introduction impact taxpayers on this episode of Take 5 with Thannees. Video Transcription BUDGET 2021 has introduced a new form of penalty...
Take 5 with Thannees: Episode 9

Take 5 with Thannees: Episode 9

Did you know that deductibility restriction applies whether or not the substance test is met? On this episode of Take 5 with Thannees’, our Manager, Lee Chak Wei explains how this impacts companies that transact with Labuan entities. Video Transcription Welcome...