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31 March 2016

Malaysia plans to introduce Country-by-Country Reporting and Master File-Local File documentation requirements

The Malaysian Inland Revenue Board (IRB) announced plans on March 24, to introduce a Country-by-Country (CbC) reporting requirement. In addition, the current local transfer pricing documentation requirements will be updated to include the Master File and Local File concepts, in line with Action 13 of the Organisation for Economic Co-operation and Development's Base Erosion and Profit Shifting project.

A Tax Alert prepared by Ernst & Young's Global Tax Desk Network, and attached below, provides additional details.

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Document ID: 2016-0593

 

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