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Inland Revenue Board (IRB) of Malaysia
Other Resources
Transfer Pricing Guidelines for Malaysia
The IRB Transfer Pricing Guidelines seek to
provide all multi-national enterprises (MNEs) concerned with information on
existing domestic legislation on transfer pricing; methodologies acceptable
to IRB that can be used in determining arm’s length price and administrative
regulations including the types of records and documentation expected from
taxpayers involved in transfer pricing arrangements. It is the prerogative
of the taxpayer to choose from the various methodologies laid out with the
ultimate aim of arriving at an arm's length transfer price. It is intended
that these guidelines, which may be reviewed from time to time, will assist
MNEs in their efforts to determine transfer prices which are consistent with
the arm's length principle and at the same time comply with Malaysian tax
laws as well as administrative requirements of the IRB. |
