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Movement Control Order (“MCO”) is now in its second phase, where it has been further extended to 14 April 2020. We acknowledge that businesses are acutely impacted and trying its best to survive. Albeit this, the statutory requirements, be it audit or tax, must not be forgotten. When businesses resume post the MCO period, we believe that the tax audit activities by Malaysian Inland Revenue Board (“MIRB”) will also resume. 

At KPMG, we assure all our clients that our communication links continue to be open 24-7 via on-line technology tools. To stay connected to you, we have crafted an article specifically addressing the tax transfer pricing & audit scrutiny in Malaysia.

As many of you may be aware, the Organisation for Economic Co-operation and Development (“OECD”) is championing the reformation of international tax landscape around the world via the Base Erosion and Profit Shifting (“BEPS”) initiative. Specifically, with the introduction of BEPS Action 13 (Transfer Pricing Documentation and Country-by-Country Reporting), there is collaboration amongst tax authorities worldwide for mutual exchange of information and increased transfer pricing transparency. The burden to prove the economic substance of controlled transactions with the arm’s length principle is now a greater responsibility for taxpayers.

Malaysia is NO exception as the MIRB continues to mirror the same by gazetting various transfer pricing rules and regulations. It takes a carefully structured game plan to handle Transfer Pricing Audits, so, how ready are you? The goal is to walk through the Transfer Pricing Audit with confidence and score a CENTURY. Attached is an article to facilitate you in putting this matter into perspective. Alternatively, you can also access the article via the above link.

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

Contact KPMG

For more information on our core service offerings, please contact:

Petaling Jaya Office

Tai Lai Kok
Executive Director –
Head of Tax and Head of Corporate Tax
+ 603 7721 7020

Long Yen Ping
Executive Director –
Head of Global Mobility Services
+ 603 7721 7018

Bob Kee
Executive Director –
Head of Transfer Pricing
+ 603 7721 7029

Ng Sue Lynn
Executive Director –
Head of Indirect Tax
+ 603 7721 7271

Soh Lian Seng
Executive Director –
Head of Tax Risk Management
+ 603 7721 7019

Nicholas Crist
Executive Director –
Corporate Tax
+ 603 7721 7022

Dato’ Leanne Koh
Executive Director – 
Corporate Tax
+ 603 7721 7026

Neoh Beng Guan
Executive Director – 
Corporate Tax
+ 603 7721 7025

Ong Guan Heng
Executive Director – 
Corporate Tax
+ 603 7721 7027

Chang Mei Seen
Executive Director – 
Transfer Pricing
+ 603 7721 7028

Ivan Goh
Executive Director – 
Transfer Pricing
+ 603 7721 7012




Evelyn Lee
Executive Director –
Penang Tax
+604 238 2288 (ext. 312)

Regina Lau
Executive Director –
Kuching Tax
+6082 268 308 (ext. 2188)

Titus Tseu
Executive Director –
Kota Kinabalu Tax
+6088 363 020 (ext. 2822)

Ng Fie Lih
Executive Director –
Johor Bahru Tax
+607 266 2213 (ext. 2514)

Crystal Chuah Yoke Chin
Tax Manager –
Ipoh Tax
+605 253 1188 (ext. 320)