The Inland Revenue Board of Malaysia updated its Advance Pricing Arrangement webpage on 2 May 2024 with the publication of the Advance Pricing Arrangement Guidelines 2024. The updated guidelines take into account the Income Tax (Transfer Pricing) Rules 2023 in the Income Tax (Advance Pricing Arrangement) Rules 2023, which were published in May 2023 (previous coverage).
The Advance Pricing Arrangement (APA) Guidelines explain the manner in which a taxpayer may apply for an APA to the Direct…