Malaysia may just be across the border and has similar Transfer Pricing (TP) guidelines as Singapore, congruent with the guidelines from the OECD. However, do not be blindsided and assume you are familiar with both regimes just by knowing one.
For example, the Inland Revenue Board of Malaysia (IRBM) has a preference to use median, while Singapore’s tax authority usually permits the inter-quartile range for comparative analysis. What’s more, the IRBM prefers to use year-on-year data of comparable companies, while three or five-years weighted average of comparable data is the preference of Singapore’s tax authority.
In this upcoming live webinar session, join Ms Theresa Goh, Senior Transfer Pricing Partner, Deloitte Kuala Lumpur, Malaysia and Accredited Tax Advisor (Income Tax) Mr See Jee Chang, Senior Transfer Pricing Leader, Deloitte Singapore, as they tell the tale of the two TP regimes. Focusing on the Malaysia TP amendments, this complimentary webinar brings together expertise from both sides of the causeway for you to better understand the compliance impact particularly for Singapore headquarters with subsidiaries in Malaysia.