IRB Tax Audit Framework 2013_Tax Audit, Petroleum Tax Audit ...

TRANSFER PRICING
INLAND REVENUE BOARD
AUDIT FRAMEWORK
MALAYSIA Effective Date: 01 April 2013
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TABLE OF CONTENTS
Page
1. PURPOSE 1
2. OBJECTIVE OF TRANSFER PRICING AUDIT 1
3. STATUTORY PROVISIONS AND REFERENCES 1
4. WHAT IS A TRANSFER PRICING AUDIT 2
5. YEARS OF ASSESSMENT COVERED 3
6. SELECTION OF CASES 3
7. HOW A TRANSFER PRICING AUDIT IS CARRIED OUT
7.1 Transfer Pricing Field Audit
7.1.1 Commencement of an Audit 3
7.1.2 Audit Visit 4
7.1.3 Examination of Records 4
7.1.4 Audit Timeframe 6
7.1.5 Settlement of Audit 7
7.2 Transfer Pricing Desk Audit 8
8. RIGHTS AND RESPONSIBILITIES
8.1 IRBM 8
8.2 Tax Payer 9
8.3 Tax Agent/Representative 11
9. CONFIDENTIALITY OF INFORMATION 12
10. OFFENCES AND PENALTIES 12
11. COMPLAINTS 14
12. PAYMENT PROCEDURES 14
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