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ARTICLE · 02 MARCH 2016

Tax Espresso - December 2015

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According to the Media Release issued by the Inland Revenue Board (IRB) on 17 November 2015, delegates at the CATA conference have had serious discussions on ways to overcome various BEPS issues, especially on TP and treaty abuse.

MalaysiaTax
Deloitte LLP
Deloitte LLP

Commonwealth Association of Tax Administrators (CATA) Member Countries Serious in Overcoming Transfer Pricing (TP) and Base Erosion and Profit Shifting (BEPS) Issues

According to the Media Release issued by the Inland Revenue Board (IRB) on 17 November 2015, delegates at the CATA conference have had serious discussions on ways to overcome various BEPS issues, especially on TP and treaty abuse. In the conference, the IRB has informed that it has taken several actions to address TP and BEPS issues.

Actions on TP issues:

i) A general tax avoidance provision in the Income Tax Act 1967 (ITA) is in place to combat tax avoidance;

ii) Introduction of specific TP tax legislation and Income Tax (TP) Rules 2012 [P.U. (A) 132/2012] to address TP related issues;

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