Transfer Picing
Acknowledgment
We have taken efforts in this assignment. However, it would not have been possible without the kind support and help of lecture and friends. We would like to extend our sincere thanks to all of them.
We am highly indebted to Puan Nurul Hidayah binti Ahamad Nawawi for the guidance and as well as for providing necessary information regarding the assignment and also for the support in completing the assignment.
We would like to express our gratitude towards our parents and friends for their kind co-operation and encouragement which help me in completion of this assignment.
We would like to express our special gratitude and thanks to all for giving such attention and time.
Our thanks and appreciations also go to my classmate in developing the assignment and people who have willingly helped me out with their abilities.
Introduction
There are many businesses in the world. Every of them will be tax for every year for business that had been done. In the world of technology, business nowadays not only within their home country, it will go beyond the world to market their product and services. From that many business go on franchise, joint venture and other thing to wider their market in the world. From that will cause company that is parent company with multiple of subsidiary around the world. Parent company wills sale their product to subsidiary that in term of raw material or even product itself. Beyond on that sale will be happen, however the sale price might be not at normally or independent sale like to the unrelated customer or company. This will cause sale price that much lower than unrelated company. From this transfer pricing will be occurring. This will cause minimize in the group tax liability.
Transfer pricing is the one that can be used to reduce tax liability. It is the way of tax avoidant. Tax avoidance is the deliberate attempt to plan affairs so that the scheme or transaction would not fall within the
We have taken efforts in this assignment. However, it would not have been possible without the kind support and help of lecture and friends. We would like to extend our sincere thanks to all of them.
We am highly indebted to Puan Nurul Hidayah binti Ahamad Nawawi for the guidance and as well as for providing necessary information regarding the assignment and also for the support in completing the assignment.
We would like to express our gratitude towards our parents and friends for their kind co-operation and encouragement which help me in completion of this assignment.
We would like to express our special gratitude and thanks to all for giving such attention and time.
Our thanks and appreciations also go to my classmate in developing the assignment and people who have willingly helped me out with their abilities.
Introduction
There are many businesses in the world. Every of them will be tax for every year for business that had been done. In the world of technology, business nowadays not only within their home country, it will go beyond the world to market their product and services. From that many business go on franchise, joint venture and other thing to wider their market in the world. From that will cause company that is parent company with multiple of subsidiary around the world. Parent company wills sale their product to subsidiary that in term of raw material or even product itself. Beyond on that sale will be happen, however the sale price might be not at normally or independent sale like to the unrelated customer or company. This will cause sale price that much lower than unrelated company. From this transfer pricing will be occurring. This will cause minimize in the group tax liability.
Transfer pricing is the one that can be used to reduce tax liability. It is the way of tax avoidant. Tax avoidance is the deliberate attempt to plan affairs so that the scheme or transaction would not fall within the
References: Websides: • John Neighbour (2008, july 3) • Retrieved Dis 16, 2011, from http://www.tpa_global.com/PDF/summaries_country_summary.pdf • Retrieved Dis 16, 2011, from http://www.pwc.com/gx/en/internationaltransfer-pricing/assets/Malaysia/pdf. • Tan Sri Dato’ Zainal Abidin Bin Abd. Rashid (2003, julai 3). Transfer Pricing Guidelines. Retrieved Dis 17, 2011, http://www.hasil.gov.my/pdf/pgfam/garispanduanpindahanharga_bm.Pdf Books: • Alan Yeo Miow Cheng (2011). Advanced Malaysian Taxation, (23 edition.). Kuala Lumpur: YSB Management Sdn. Bhd. • Jeyapalan Kasipillai (2010). A Guide to Advanced Malaysian Taxation. Selangor: McGraw Hill (Malaysia) • Choog Kuai Fatt(2010)