BFM 89.9
The Business Station
Transfer Pricing: LHDN’s Enhanced Powers, ‘Arm’s Length’ Changes, and Compliance
33 mins·11:00, 27 May 2024
Transfer Pricing: LHDN’s Enhanced Powers, ‘Arm’s Length’ Changes, and Compliance
33 mins
·
11:00, 27 May 2024
·
Recommended
44 mins
54 mins
Guest: Philip Yeoh, Transfer Pricing Executive Director, Deloitte
Today we dive into the complex world of transfer pricing and the notable changes in LHDN’s approach to transfer pricing calculations and compliance that come into play for the year of assessment of 2023, and beyond, which means this year’s tax fillings. Joining us to break all this down and more is Philip Yeoh, Transfer Pricing Executive Director at Deloitte.
We'll start with the basics of transfer pricing to get a foundational understanding of the concept, before discussing what defines a 'related party transaction', break down the concept of 'arm's length price', and explore the consequences of non-compliance with the transfer pricing rules.
We’ll then get into the changes introduced, including the enhanced powers granted to the Inland Revenue Board (IRB) to adjust a company’s transfer pricing, the potential implications for businesses, and how these changes impact the preparation and submission of transfer pricing documentation.
Presenter: Roshan Kanesan
Producer: Roshan Kanesan
Share:
Recommended
May 21
·
44 minsHeavy Trucks - One Safety SOP To Rule Them All?
May 21
·
54 minsBiodiversity From Malaysia: Otters, Bantengs and Fungi
Recent episodes
0
Latest stories
Podcasts · May 22 · 12:30AM
Rethinking Retirement: Ageing, Opportunity, And Fiscal Strain
11 mins
Podcasts · May 22 · 11 mins
Rethinking Retirement: Ageing, Opportunity, And Fiscal Strain
Podcasts · May 21 · 12:00PM
Heavy Trucks - One Safety SOP To Rule Them All?
44 mins
Podcasts · May 21 · 44 mins
Heavy Trucks - One Safety SOP To Rule Them All?
Podcasts · May 21 · 11:00AM
Biodiversity From Malaysia: Otters, Bantengs and Fungi
54 mins
Podcasts · May 21 · 54 mins
Biodiversity From Malaysia: Otters, Bantengs and Fungi