INTRODUCTION
Transfer pricing strategies play an important role in key business performance areas such as optimizing tax efficiency, reducing legal exposure/risks and increasing cash flow. Gain an understanding of IRB’s new section 140A and how it impacts you.
A majority of the world’s cross-border transactions now occur through related entities, bringing with it various tax and business concerns. Hence, transfer pricing strategies play an important role today in key business performance areas such as optimizing tax efficiency, reducing legal exposure/risks and increasing cash flow.
In Budget 2009, IRB introduced the new section 140A in the Income Tax Act, 1967 on “Transfer Pricing”. This new section in the legislation has major tax implications on related party transactions in Malaysia. In addition, new transfer pricing rules and guidelines have been issued to supplement the new Section 140A.
This program will show you the groundwork that needs to be put in place in order to comply with the IRB’s guidelines, and to stay within the law, as at 12th February 2025.
COURSE OBJECTIVE
- Discuss key issues related to Transfer Pricing and record keeping that meet IRB’s requirements
- Identify key technical, issues and factors in supporting the arm’s length nature of related party transactions
- Keep abreast with the latest updates on legislation and guidelines issued by IRB on Transfer Pricing in Malaysia
WHO SHOULD ATTEND?
Directors, Financial Controllers, Finance Managers, Accountants, Tax Consultants, Tax Practitioners / Advisors, Company Secretaries.
METHODOLOGY
PowerPoint presentations, discussions and case studies.
COURSE OUTLINE
1) Updated version of Transfer Pricing (TP) Rules 2012
2) TP Guidelines 2012
3) Income Tax (Transfer Pricing) Rules 2023 New
CERTIFICATE OF PARTICIPATION
