Tax audits and investigations will continue to be a significant area of focus for the IRB and the last thing you want, as a corporate taxpayer, is to be caught unprepared for an audit.
We also understand that the IRB will be intensifying its audits on taxpayers to ensure the arm’s length principle is complied with when dealing with related parties. While the main objective would be in relation to cross border related party transactions (“RPTs”) to prevent base erosion and profit shifting, local RPTs are also subject to audit.
To be able to justify that your company’s RPTs are carried out on an arm’s length basis, contemporaneous TP documentation
(“TPD”) is the first line of defense. The TPD needs to be prepared based on the Malaysian TP guidelines. These guidelines have been updated by the IRB last June 2017 to incorporate recommendations from the OECD’s Action Plans to combat base erosion and profit shifting. The enhanced guidelines now gives IRB extra ammunition to carry out their tax audits.
Join us for an interactive discussion on the following:
* What are the current TP issues, tax audits and investigations issues facing taxpayers during tax audits and investigation?
* What are the critical changes to the Malaysian TP Guidelines? What have been enhanced?
* What are the common misconceptions or misunderstandings of the taxpayer on TP matters?
* On intra-group financing, what’s the IRB focusing on?
* For companies with significant RPTs and making losses, how to prove the losses are not due to company’s transfer pricing policy?
For more info, download brochure here:
* RM1,272 per participant (includes 6% GST).
* 10% discount for registration of two or more participants under the same company or group of companies / KPMG Alumni members.
Click here to register: