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Malaysia Planning to Update Current Transfer Pricing Documentation Requirements and Introduce CbC Reporting

|Proposed Changes|Malaysia
Malaysia

The Inland Revenue Board of Malaysia reportedly announced during a 24 March 2016 consultation with the Chartered Tax Institute of Malaysia that they are planning to make changes based on Action 13 of the OECD BEPS Project. This includes amending current Master and Local file documentation requirements to bring them in line with the Action 13 guidelines, as well as introducing Country-by-Country…

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