The Malaysian Inland Revenue Board ("MIRB") has issued the Malaysia Transfer Pricing Guidelines 2024 (“MTPG 2024”) and Transfer Pricing Tax Audit Framework (“TPAF 2024”) on 24 December 2024.
Both the MTPG 2024 and TPAF 2024 have been updated to provide further guidance on the application of the arm’s length principle in accordance with section 140A of the Income Tax Act, 1967 ("ITA") and following the introduction of the Income Tax (Transfer Pricing) Rules 2023 (“TP Rules 2023”).
Please click on the above header link for a copy of the MTPG 2024 and TPAF 2024 at MIRB’s official portal and KPMG’s highlight for further information.
