The Institute for Development Studies (Sabah) (IDS), in collaboration with Sabah State Ministry of Finance will be organising a Webinar on Transfer Pricing: A Better Understanding to Avoid Being Heavily Penalised on Monday, 19th July 2021 via Zoom.
KOTA KINABALU (THU): Following the Government of Malaysia’s introduction of the new law relating to transfer pricing compliance requirements vide the Finance Act 2020 gazetted on 31st December 2020, and has taken effect on the 1st of January 2021, the Malaysian Transfer Pricing Guideline (MPTG) has been updated by the Malaysia Inland Revenue Board (MIRB) on 29th January 2021.
Acknowledging the importance of awareness and thorough understanding of the new law to Sabah’s companies and the financial industry, the Institute for Development Studies (Sabah) (IDS) in partnership with Ministry of Finance Sabah will be organising a Webinar on Transfer Pricing: A Better Understanding to Avoid Being Heavily Penalised on 19th July 2021 at 10.00 a.m.
According to IDS CEO, Mr. Anthony Kiob, “As the transfer pricing regulations are becoming increasingly stringent, MIRB is being more vigilant in scrutinising taxation matter to ensure that proper measures are taken to ensure compliance with the transfer pricing rules,”. He added that the webinar acts as a platform in providing an update and better understanding of the latest Transfer Pricing compliance and issues in order to avoid being heavily penalised unnecessarily.
Mr. Michael Y.S. Tong, JP, Senior Partner in charge of Crowe Malaysia PLT, Kota Kinabalu office will be presenting a paper entitled Transfer Pricing: Briefing and Important Updates 2021 during the webinar.
For more information or participation, please visit IDS (Sabah) website at ids.org.my or the Institute’s Facebook page at facebook.com/sabah.ids