LHDNM - Transfer Pricing Tax Audit Framework 2024

On 24 December 2024, Lembaga Hasil Dalam Negeri Malaysia (LHDNM) issued the Transfer Pricing Tax Audit Framework (TPTAF) 2024 providing guidance for the transfer pricing (TP) tax audit being carried out in a fair, transparent and impartial manner. The TPTAF outlines the rights and responsibilities of audit officers, taxpayers and tax agents. In general, the Framework:

• assist audit officers to perform their duties more efficiently and effectively;
• assist taxpayers to fulfil their responsibilities; and
• provide explanation and guidance in relation to the handling and management of TP tax audit cases for domestic as well as cross-border controlled transactions.

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