IRBM’s Response to CTIM on the Tax Corporate Governance Framework (TCGF) & TCGF Guidelines
The new Tax Corporate Governance Framework (“TCGF“), dated April 11, 2022, as well as the Guidelines for the TCG Framework (Guidelines), has been published on the website of the Inland Revenue Board of Malaysia (“IRBM”). The TCG Framework and these Guidelines are intended to be read in conjunction with one another. For further information, see […]
Tax Corporate Governance Framework introduced
On April 11, 2022, in response to the growing expectation that organisations in Malaysia will implement governance practices that enhance the accountability, transparency, and integrity of the tax system, the Inland Revenue Board of Malaysia (IRBM) published: This Tax Corporate Governance Framework intends to provide an overview of the IRBM’s expectations on the Tax Corporate […]
IRBM’s Response to CTIM’s Transfer Pricing Issues
CTIM’s transfer pricing issues have received a response from the Inland Revenue Board of Malaysia (IRBM), which was provided on February 15, 2022. The following is a response from the IRBM to the points that CTIM made: 1. On the threshold for preparation of transfer pricing (“TP”) documentation IRBM acknowledges the need to revise the […]
