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