Transfer Pricing Conference 2024

In line with global developments, Malaysia has introduced new Transfer Pricing Rules for 2023 that are poised to irrevocably change the transfer pricing landscape and enhance compliance and transparency. Taxpayers are hence advised to update themselves on salient developments of the Income Tax (Transfer Pricing) Rules 2023 [P.U. (A) 165] published by the Inland Revenue Board on 29 May 2023.

These include the preparation of contemporaneous Transfer Pricing Documentation, compliance with Enhanced Documentation Requirements, setting of the Arm’s Length range and emphasis on the accurate delineation of transactions for comparability analysis.

These key changes ushered in by the TP Rules 2023 will certainly have a significant impact on taxpayers in preparing their Transfer Pricing Documentation. This conference will provide a comprehensive understanding of TPR23 and its practical implications, equipping participants with the knowledge and tools to mitigate risks, fulfil compliance requirements and navigate effectively through this increasingly complex transfer pricing landscape.

Host or Publisher Malaysian Institute of Accountants