Malaysia Stresses TP Audits – Hires More Staff

~1-minute read. This article is part of our CrossBorder Audit Alert series.

Malaysian Tax Authority Hires More Transfer Pricing Auditors

In 2017, 272 intelligence officers and tax investigators were hired and charged with looking into potential transfer pricing violations.

Investigators aim to achieve collection of MYR 2B through these efforts by the end of the year, according to the Ministry of Finance. This is a rising trend for the state, as in 2015, the number of transfer pricing examinations increased to 250 from 168 in 2014.