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The Inland Revenue Board of Malaysia (IRB) recently announced a major audit exercise on Malaysian banks with offshore transactions, including those with Labuan financial institutions, with a focus on issues relating to transfer pricing.

The rules governing transfer pricing are significant for both taxpayers and tax administrators. This determines the income expenses and taxable profits of associated enterprises in different tax jurisdictions.

On 29 May 2023, the Income Tax (Advance Pricing Arrangement) Rules 2023 ("2023 Rules") was gazetted. The advent of the 2023 Rules also marks the revocation of the Income Tax...

Recently, the Inland Revenue Board of Malaysia (IRBM) introduced certain changes in Form MNE, requiring additional details in relation to cross-border transactions for undertaking transfer pricing risk–assessment.

The Taxpayer has been in the business of manufacturing, assembling, and trading plastic injection-moulded products since 1993.

Transfer pricing refers to the price of transfers and transactions entered into between related parties or subsidiaries. Transfer pricing generally refers to intercompany...

On 17 May 2022, the Kuala Lumpur High Court (KLHC) dismissed the Director General of Inland Revenue's (DGIR) appeal in Sandakan Edible Oils. This was a landmark decision which vindicated the tax...

The goal is to increase total taxes paid by global businesses, regardless of their location, legal structure, or industry.

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.

On 29 May 2023, the Income Tax (Transfer Pricing) Rules 2023 ("TPR23") was gazetted. TPR23 takes effect from the year of assessment ("YA") 2023[1] and replaces its decade-old predecessor...