Transfer Pricing documentation is an effective tax and risk administration tool.

With the introduction of Income Tax (Transfer Pricing) Rules and Transfer Pricing Guidelines 2012, taxpayers that carry out a business with gross income exceeding RM25 million and total amount of related party transactions exceeding RM15 million; or providing financial assistance exceeding RM50 million to related parties are required to comply with the requirement to prepare contemporaneous Transfer Pricing documentation.

Preparing documents for Transfer Pricing purposes will help to mitigate the risks of pricing adjustments, double taxation, inefficient tax planning and penalties. 

Our team can help you with:

Transfer Pricing study

Margin review for budgeting, new transaction, and cost sharing review for inter-company transactions.

Documentation

Prepare country-specific documentation to meet local tax requirements.

Risk assessment

Evaluate the existing transfer pricing practice, identify potential risks, and formulate appropriate action plan to mitigate such risks.

Benchmarking analysis

Use analysis to measure prices or profit level indicators for specific transactions to determine appropriate arm’s length range, including those for royalty payment and loan interest.

Dispute resolution

Apply sophisticated economic arguments, research and databases to help defend transfer pricing policies before the tax authorities.

International network

Assure you with strong Transfer Pricing specialist supports by Grant Thornton offices across the global network.



Chan Tuck Keong
Executive Director - Transfer pricing
Chan Tuck Keong