3 wishlist for transfer pricing documentation (TPD) on SME for the Budget 2022.

3 wishlist for transfer pricing documentation (TPD) on SME for the Budget 2022.
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3 wishlist for transfer pricing documentation (TPD) on SME for the Budget 2022.

SME is required to prove group and related party transactions to be arm length under Section 140A of The Income Tax Act 1967 (ITA).

Problems to SME for TBD compliance

  • How many SME understand arm length?

  • How many SME afford the fee for transfer pricing documentation?

  • How many SME know benchmarking testing, functional analysis, cost plus method?

Wishlist for SME on TPD

  • Exemption below certain threshold.

  • Safe harbour ruling where 5% mark up on low value added service is acceptable.

  • IRB publish arm length rate/data to SME.

Visit Us

  • Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

  • Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

KTP Lifestyle

An internal community for our colleagues on work and leisure.

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

#Ktp #Thks

 

 


 

THK Management Advisory Sdn Bhd

Wisma THK, No. 41, 41-01, 41-02, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru, Johor, Malaysia.
+6012-771 7903
+607-361 3443
 
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