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KTP & Company PLT (AF1308)(LLP0002159-LCA)
How to close Sdn Bhd easily ?
AskKtpTax 26/10/21
Transfer Pricing
Transfer Pricing
Penalties
KTP & Company PLT (AF1308)(LLP0002159-LCA)
How to close Sdn Bhd easily ?
AskKtpTax 26/10/21
Transfer Pricing
Transfer Pricing Penalties
The taxpayer is required to reply to the
letter within 14 days from IRB request
for documents and information
KTP & Company PLT (AF1308)(LLP0002159-LCA)
How to close Sdn Bhd easily ?
AskKtpTax 26/10/21
Transfer Pricing
Transfer Pricing Penalties
Taxpayers that fail to submit TP
documentation within 14 days upon
request can be fined between RM20,000
and RM100,000 and/or to imprisonment
for a term not exceeding six months
KTP & Company PLT (AF1308)(LLP0002159-LCA)
How to close Sdn Bhd easily ?
AskKtpTax 26/10/21
Transfer Pricing
Transfer Pricing Penalties
A ‘Surcharge’ up to 5% of the total TP
adjustments might be imposed. (This is
to imposed penalty on company not
paying taxes after the TP adjustments)
KTP & Company PLT (AF1308)(LLP0002159-LCA)
How to close Sdn Bhd easily ?
AskKtpTax 26/10/21
Transfer Pricing
Transfer Pricing
Associated persons
Person one of whom has control over the
other. For examples: companies are
having a common director or
shareholder.
KTP & Company PLT (AF1308)(LLP0002159-LCA)
How to close Sdn Bhd easily ?
AskKtpTax 26/10/21
Transfer Pricing
Transfer Pricing
Associated persons
Individuals who are relatives of each
other.
KTP & Company PLT (AF1308)(LLP0002159-LCA)
How to close Sdn Bhd easily ?
AskKtpTax 26/10/21
Transfer Pricing
Transfer Pricing
Associated persons
Persons both of whom are controlled by
some other person. For examples:
(a) Holding and subsidiary company
(b) associated company (who having
same holding company

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Transfer Pricing Malaysia _Penalty

  • 1. KTP & Company PLT (AF1308)(LLP0002159-LCA) How to close Sdn Bhd easily ? AskKtpTax 26/10/21 Transfer Pricing Transfer Pricing Penalties
  • 2. KTP & Company PLT (AF1308)(LLP0002159-LCA) How to close Sdn Bhd easily ? AskKtpTax 26/10/21 Transfer Pricing Transfer Pricing Penalties The taxpayer is required to reply to the letter within 14 days from IRB request for documents and information
  • 3. KTP & Company PLT (AF1308)(LLP0002159-LCA) How to close Sdn Bhd easily ? AskKtpTax 26/10/21 Transfer Pricing Transfer Pricing Penalties Taxpayers that fail to submit TP documentation within 14 days upon request can be fined between RM20,000 and RM100,000 and/or to imprisonment for a term not exceeding six months
  • 4. KTP & Company PLT (AF1308)(LLP0002159-LCA) How to close Sdn Bhd easily ? AskKtpTax 26/10/21 Transfer Pricing Transfer Pricing Penalties A ‘Surcharge’ up to 5% of the total TP adjustments might be imposed. (This is to imposed penalty on company not paying taxes after the TP adjustments)
  • 5. KTP & Company PLT (AF1308)(LLP0002159-LCA) How to close Sdn Bhd easily ? AskKtpTax 26/10/21 Transfer Pricing Transfer Pricing Associated persons Person one of whom has control over the other. For examples: companies are having a common director or shareholder.
  • 6. KTP & Company PLT (AF1308)(LLP0002159-LCA) How to close Sdn Bhd easily ? AskKtpTax 26/10/21 Transfer Pricing Transfer Pricing Associated persons Individuals who are relatives of each other.
  • 7. KTP & Company PLT (AF1308)(LLP0002159-LCA) How to close Sdn Bhd easily ? AskKtpTax 26/10/21 Transfer Pricing Transfer Pricing Associated persons Persons both of whom are controlled by some other person. For examples: (a) Holding and subsidiary company (b) associated company (who having same holding company

Editor's Notes

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