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Intensive 2-day Virtual Training Course

Transfer Pricing Documentation

Do-It-Yourself (DIY) Course

Learn how to prepare your own LIMITED Transfer Pricing Documentation

Dates 
i. ENG - 20 & 21 Oct 2021
(Registration is closed)
ii. MAN - 26 & 27 Oct 2021
(Still Open for Registration)

Time
9.00am to 5.30pm each day

By
Zen Chow & Lynda Ng


* HRD Corp Claimable
(first come, first served basis)

We Are Here To Help

What is Transfer Pricing?
Transfer Pricing refers to the pricing of goods, services and intangibles between associated parties. 

Associated parties are parties who control one another, or who are under the common control of another party, whether directly or indirectly. They include branches and head offices. 

All related party transactions ("Controlled transactions") are required to be conducted at the arm's length prices, e.g. the prices between associated persons should be approximately the prices between independent parties undertaking transactions under similar terms and conditions.
Why Do You Have To Prepare Transfer Pricing (TP) Documentation? 
The concept of Transfer Pricing was first introduced into the Malaysian tax legislation effective 1 January 2009 with the enactment of the Section 140A of the Income Tax Act 1967, as well as the gazettement of the Income Tax (Transfer Pricing) Rules 2012 ("Malaysian Transfer Pricing Rules").
  
It is a statutory requirement for the taxpayers to prepare a contemporaneous comprehensive set of Transfer Pricing Documentation (TPD) (e.g. Full TPD) annually under the Malaysian Transfer Pricing Guidelines 2012, provided that:
  • Annual gross income exceeding RM25 million and total related party transactions exceeding RM15 million per annum; or
  • Provision of financial assistance exceeding RM50 million
This Means You DO NOT Have To Prepare A Full Transfer Pricing Documentation If Your:
 - Total annual revenue is not more than RM25 million; or
 - Total value of related party transactions is not more than RM15 million
When Should Transfer Pricing Documentation Be Made Available To The IRB?
Within 30 days for transfer pricing audit case commenced before 1/1/2021; or

Within 14 days for transfer pricing audit case commenced on or after 1/1/2021
How To Prepare Transfer Pricing Documentation?
2 options to prepare transfer pricing documentation:

1. Tax Agent prepare for you (Outsource to Tax Agent to prepare)
To prepare transfer pricing documentation, it can easily cost you >RM10,000 (market price). And you will not understand how transfer pricing documentation can be prepared, since you are not the one doing it.

2. Learn from Tax Agent and Do-It-Yourself 
This SAVES YOU MONEY and you will KNOW how to prepare a transfer pricing documentation. You do not depend on Tax Agent anymore.

Let Us Be Clear With Transfer Pricing Penalty

The Budget 2021 announcements gazetted under the Finance Act 2020 have tightened the Transfer Pricing compliance requirements in Malaysia with effect from 1 January 2021.
Section 113B: Penalty of between RM20,000 and RM100,000 for failure to submit the transfer pricing documentation.

Introducing Our Transfer Pricing Documentation
Do-It-Yourself (DIY) Online Course

Our Intensive 2-day Virtual Transfer Pricing Course
ENABLES You To Prepare Your Own Limited Transfer Pricing (TP) Documentation

  • Understand Transfer Pricing Principles
  • ​Comprehensive Guidance to prepare a Limited TP Documentation
  • ​Step-by-step illustrations on how to prepare each section of the Limited TP Documentation
  • ​Case Studies, Examples and Q&As to help you to apply the TP principles
  • ​Interactive Engagement with the trainers
  • ​Limited TP Documentation Template will be provided!

About The Trainers

Zen Chow
Head of Tax
BBusCom (Monash), CPA (Aust.), C.A. (M), FCTIM
  • More than 15 years of experience in both direct and indirect taxes
  • ​Licensed Tax Agent by the MOF
  • ​Licensed GST Agent by the MOF
  • ​A Council Member of the Chartered Tax Institute of Malaysia (CTIM)
  • ​A qualified consultant and certified HRDF trainer
Lynda Ng
Tax Director
ACCA, C.A. (M), CTIM
  • 15 years of experience in tax compliance and advisory
  • ​Has led the TP engagements in one of the Big 4 accounting firms
  • ​Assisted and advised clients in planning and developing group transfer pricing governance and policies, group-wide transfer pricing mechanism and operationalising transfer pricing
  • ​Has substantial experience in dealing with tax authorities in managing transfer pricing audit defence and negotiating for a favourable settlement and conclusion of the transfer pricing audit for the clients
  • ​Involved in the application and dealing with the tax authorities with bilateral advance pricing arrangement for the client

YYC - Who Are We and Why Should You Trust Us?

  • Expertise and Experience - Our firm, YYC, has a 47-year history of helping clients take their business to newer heights. Our tax advisors have over 75 years of combined experience in the industry and have been involved in tax compliance and tax advisory work in various fields.
  • ​Proven Track Record - Our team is led by tax professionals who are bilingual (Mandarin and English) and regularly give tax-related talks and seminars that have benefitted over 12,000 individuals to-date.
  • ​Passion To Help - After coming across so many frustrated business owners who had been paying loads of unnecessary tax for YEARS until they met us, we are very committed to tackling tax problems, hence why we developed this course to help companies impacted by the tightened Transfer Pricing compliance requirements.
Established in 1974, YYC is an Asian-grown accounting and advisory firm. Backed by our commitment to empower entrepreneurial success, YYC Group has served 20,000 clients across Malaysia and Singapore. Through our YYC Business School, we have also trained more than 130,000 participants with more than 5,000 workshops conducted to date.
 HAVE QUESTIONS?
Contact us at +6016-6436689 (WhatsApp HERE) or taxguru.zenchow@yyc.my
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