Do You Need Full or Minimum Transfer Pricing Documentation?
Who Should Prepare Full, Minimum or Exempt Transfer Pricing Documentation? The Malaysian rules in three buckets — with a slider tool to find yours. Every
New to Synergy TAS ?
Compulsory Transfer Pricing Documentation 
? 2021 is finally here, this new rule starts 1 Jan 2021. Transfer Pricing documentation is not new in Malaysia. But “Compulsory” is a new addition. What is so significant about this? Well in your tax return for, IRB wants you to tick whether you prepare the documentation or not.Â
As usual, those who don’t got a high chance to get a visit from tax audit team. Not something we all want to add into our already busy work calendar in 2021. If you are new to Transfer Pricing, talk to a qualified tax adviser on this. Access whether you need to prepare the documentation, and how much they will charge for it. The average fee we hear for simplified TP documentation is RM3k 
and above. Negotiate, negotiate if you must for a good price.
IRB did not publish guideline in 2020. The latest would be 2019, here’s the reference material you can use to understand how TP works.
Transfer Pricing Audit Framework 2019
Transfer Pricing Rules 2012
Transfer Pricing Guideline 2012
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Tan Lee Ling
Tax Consultant by training in the Big Four and trained several years with Dr Choong. Being a Chartered Accountant with a law degree. Specialised in compliance, tax planning and tax investigation in her early years. Being in tax for 12 years, to her Tax is like a tree, it is the life force for the country, tax is dynamic, continuously changing and growing. Lee Ling is the conduit in charge of not just sharing these tax changes, also to bring Dr Choong's brilliant tax planning to the tax professionals and business community.
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