New TP Requirements & Penalties in Malaysia

EventsNew TP Requirements & Penalties in Malaysia

WEBINAR

New TP Requirements & Penalties in Malaysia
21 April 2021

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The Malaysian Finance Bill 2020 was released following the tabling of the Malaysian 2021 Budget on 6 November 2020. The Finance Bill 2020 incorporates transfer pricing-related changes to the current Income Tax Act, 1967 (“ITA”). The changes permit significantly greater authority to the Malaysia Inland Revenue Board (“MIRB”) and re-emphasises the importance of transfer pricing compliance, with effect from 1 January 2021.

Join our webinar where we walk you through the amendments made following the release of the Finance Bill 2020 and highlight some of the key takeaways from the recent transfer pricing requirements and how you can minimise your transfer pricing risk in Malaysia.

THE DETAILS

DATE

21 April 2021

TIME

2:00 - 3.00pm (Malaysia time)

COST

Free
Register via ZOOM link here >>


SPEAKERS / PANELISTS


HONG CHUAN TAN

Hong Chuan Tan has over eight years of experience in transfer pricing and GST. Before joining Transfer Pricing Solutions, Hong Chuan was a Transfer Pricing Manager in BDO Malaysia. He played a key role in pioneering and developing the transfer pricing practice in Malaysia.

He specialises in the area of transfer pricing where he manages a portfolio of clients comprising companies from a broad range of industries such as mining; electrical and electronics; plastic products; construction and property development; hotels; real estate; oil and gas amongst others. He has prepared transfer pricing documentation (Master File and Local File) for the Asia Pacific region, in particular Australia, Malaysia, Singapore and the Philippines.

He possesses experience in working with leading brands with the primary focus to exceed the expectations on clients’ service delivery while ensuring optimum brand impact. He is able to provide effective and resourceful information on the transfer pricing related problems, provide recommendations for the client’s business and process improvements.


ADRIANA CALDERON

Adriana Calderon has extensive international experience with Big Four and mid-tier firms advising multinational companies in the areas of corporate and international taxation across South America, the US, Australia and the Asia Pacific Region.

As a TP practitioner, Adriana has advised companies in the Asia Pacific Region across various industries and in a wide range of projects associated with planning, compliance and dispute resolutions with tax authorities. She has also participated in specialised projects involving pricing of financial transactions, business restructures and negotiation of APAs. Most recently, she has participated in TP planning projects to implement BEPS’s Action Plan and country-by-country reporting. 

*Asia Tax Awards 2017 by International Tax Review


CAVIN TAI

Cavin Tai is a transfer pricing specialist with over nine years of experience in advising multinational companies in Australia, Asia, and the USA.

Cavin has spent the first two years of his career as a senior analyst in another Professional Service Transfer Pricing team in Malaysia where he develops extensive knowledge in analytics. With this experience, Cavin has helped develop, tailor and apply comprehensive analytic solutions to assist clients across the Asia region (including Malaysia, Singapore, Japan and Thailand) with resolving transfer pricing disputes.

In Australia, Cavin has worked on a broad range of complex transfer pricing controversy and planning projects where he helped his clients obtain most favourable results by adopting practical, commercial strategies that partner with viable transfer pricing solutions.

During his career, Cavin has advised multinational both in Australia and overseas on various transfer pricing issues including planning, development and implementation of global transfer pricing policy, transfer pricing compliance (Documentation & Country-by-Country reporting) and controversy (Audit Defence).



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