[In Person] Morning Talk:Tax Corporate Governance in Malaysia & Transfer Pricing Disclosures in the New Income Tax Form

Join the experts from Deloitte Malaysia to hear what they have to say on Tax Corporate Governance in Malaysia & Transfer Pricing Disclosures

Tax Corporate Governance in Malaysia

"Building a formidable tax corporate governance framework"

The Inland Revenue Board (IRB) announced in April 2022 that Malaysia’s Tax Corporate Governance Framework (TCGF) pilot program would start in June 2022. It is a momentous step forward by the IRB to encourage an approach of open discussion and foster transparency between taxpayer and tax authority; a departure from the traditional audit-oriented approach to compliance. The program is voluntary, and it is understood that companies listed on Bursa Malaysia, Government Linked Companies and companies with an annual turnover of more than RM100 million are eligible to volunteer if they are keen.

To undertake this exercise, companies must first develop an internal framework and ensure it is operationally effective. This framework principally should address the chain of command in relation to tax decision making, tax strategy and risk management, operating procedures for tax compliance, internal controls and data integrity. With a solid and effective TCGF, the taxpayer gives the tax authority a greater sense of trust that tax compliance within the organization is well managed and the risk of non-compliance is low.

This, in turn, leads to fewer audit activities by the authorities and both parties can focus on resolving issues preemptively rather than prospectively. This one-hour session is intended to give you a crash course into the building blocks of a comprehensive TCGF, the role of management and a quick introduction to the IRB’s TCGF program’s benefits.

YA 2022 Income Tax Return and Transfers Pricing
The Inland Revenue Board of Malaysia (“IRB”) has released the updated YA 2022 which requires significant additional Transfer Pricing (“TP”). These critical changes will impact the taxpayers as well as present both risks and opportunities. This one-hour session will allow you to effectively perform compliance and build an adequate defensible position for audits, and taxpayers and allow you to familiarize yourself with the changes.

Date           : Tuesday, 13 September 2022
Time           : 09h00  – 11h00
Venue        : Deloitte Malaysia, Menara LGB, Level 16, 1, Jalan Wan Kadir,
                      Taman Tun Dr Ismail, 60000 Kuala Lumpur
Price          : Patrons & Sponsors - Free of Charge - 2 paxs
                      Members - Free of Charge - 1 pax
                      Non Members - RM 50 per pax
                      Price indicated excludes 6% SST

Speaker(s)

Tamas AdorjanAssociate Director, Deloitte Southeast Asia

Mark ChanFinancial Services Industry Tax Leader and Tax Governance Leader, Deloitte Malaysia

Event Location