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New Malaysia TP Guidelines and Audit Framework 2024

The Malaysian Inland Revenue Board ("MIRB") has issued the Malaysia Transfer Pricing Guidelines 2024 (“MTPG 2024”) and Transfer Pricing Tax Audit Framework (“TPAF 2024”) on 24 December 2024.

Both the MTPG 2024 and TPAF 2024 have been updated to provide further guidance on the application of the arm’s length principle in accordance with section 140A of the Income Tax Act, 1967 ("ITA") and following the introduction of the Income Tax (Transfer Pricing) Rules 2023 (“TP Rules 2023”).

Please click on the above header link for a copy of the MTPG 2024 and TPAF 2024 at MIRB’s official portal and KPMG’s highlight for further information.

Petaling Jaya Office

Soh Lian Seng
Partner - Head of Tax and Tax Dispute Resolution
lsoh@kpmg.com.my
+ 603 7721 7019

Ng Sue Lynn
Partner - Head of Indirect Tax
suelynnng@kpmg.com.my
+ 603 7721 7271

Tai Lai Kok
Partner - Head of Corporate Tax
ltai1@kpmg.com.my
+ 603 7721 7020

Bob Kee
Partner - Head of Transfer Pricing
bkee@kpmg.com.my
+ 603 7721 7029

Long Yen Ping
Partner - Head of Global Mobility Services  yenpinglong@kpmg.com.my
+ 603 7721 7018

Outstation Offices

Penang

Evelyn Lee
Partner
evewflee@kpmg.com.my
+603 7721 2399

Ipoh

Crystal Chuah Yoke Chin
Associate Director
ycchuah@kpmg.com.my
+603 7721 2714

Kuching & Miri

Regina Lau
Partner
reglau@kpmg.com.my
+603 7721 2188

Kota Kinabalu

Titus Tseu
Executive Director 
titustseu@kpmg.com.my
+603 7721 2822

Johor

Ng Fie Lih
Partner 
flng@kpmg.com.my
+603 7721 2514