A webinar providing a clear overview of these changes, helping you understand their impact and ensure compliance.
09:00-10:00
Date: 02 May 2025
In the last few days of 2024, the Malaysian Inland Revenue Board (MIRB) has issued a completely revised transfer pricing guideline, which affects many aspects such as permissibility to prepare minimum transfer pricing documentation, exemption from having to prepare annual transfer pricing documentation, interpretation of ‘control’ to determine which transactions are in the ambit of transfer pricing documentation and computation of arm’s length range.
Concurrently, the transfer pricing audit framework has also been updated. The new information from this update include the mechanism of the imposition of the penalty of RM20,000 to RM100,000 for failure to prepare transfer pricing documentation on contemporaneous basis.
Learning Outcome:
Thenesh Kannaa is a Partner at TraTax in charge of international tax and indirect tax service lines, with a diverse client base.
He has hands on experience assisting clients of diverse sizes and sectors in tabulating transfer pricing policy, operationalisation of the transfer pricing policy, preparation of transfer pricing documentation, representation in transfer pricing audits and handling MAP applications.
He has authored 3 published books on taxation as well as articles and have been interviewed by various media channels including BFM 89.9, Astro Awani, the EDGE and the Star.
Thenesh is a licenced tax agent, a member of the Malaysian Institute of Accountants and the International Fiscal Association. A Fellow member of ACCA, the Chartered Tax Institute of Malaysia and an ASEAN Chartered Professional Accountant.