Malaysia: Taxpayers now have 14 days to submit transfer pricing documentation
Malaysia: Transfer pricing documentation
The Malaysian Inland Revenue Board updated provisions of the transfer pricing guidelines, and with these changes, taxpayers now have 14 days (instead of 30 days) to submit transfer pricing documentation if requested by the tax authority.
The 14-day period for taxpayers to comply with a request for production of transfer pricing documentation is effective 1 January 2021.
Read a February 2021 report prepared by the KPMG member firm in Malaysia
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