OECD publishes Manual on Handling of Multilateral Mutual Agreement Procedures and APAs
The Organisation for Economic Cooperation and Development (OECD) published a manual on the Handling of Multilateral Mutual Agreement Procedures (MAPs) and Advance Pricing Arrangements (APAs) on February 1, 2023. The manual provides guidance on handling Multilateral Mutual Agreement Procedures (MAPs) and Advance Pricing Arrangements (APAs), designed to help taxpayers avoid double taxation and provide greater […]
Business Restructuring in Malaysia: The Five Most Common Mistakes and How to Avoid Them
Business Restructuring refers to making significant changes to a company’s organisational structure to improve its performance, adapt to changing market conditions, or address financial or operational challenges. The primary purpose of business restructuring is to ensure the long-term success and sustainability of the organisation. Reasons for Business Restructuring Some common reasons for business restructuring include: […]
OECD released the Pillar Two “Safe Harbours and Penalty Relief Guidelines”
The Organization for Economic Cooperation and Development (OECD) has made further progress towards implementing its two-pillar solution for international tax reform. The two-pillar solution ensures that multinational corporations pay their fair share of taxes. Under Pillar One, the OECD has released a consultation document on withdrawing digital service taxes and other similar measures. The document […]
