I don't know what u talking about cause i never pay tax, but i know and can sense when someone is dodging their tax

transfer pricing docs is for company to prepare if they have any interco transaction

for example tax rate for company now is:

On first RM150,000 15%
RM150,001 to RM600,000 17%
RM600,001 and Subsequent Balance 24%

company that exceed profit 600k would want to transfer their profit over to their subsidiary /interco to be tax at the first 600k, 15-17% instead of 24%. or lagi best transfer to loss making company evading the tax together.

but doing so required you to prepare a transfer pricing doc to justify the transaction, why doing so, profit margin , benchmark against industry etc.

and need to declare this into form c.

when audit come didnt prepare TP, penalty, prepare wrongly, penalty, then again another penalty on the added back tax.
u ask big 4 to do for you, 40k and no guarantee wont kena penalty from LDHN audit.

if ur company is small and u use those household item to avoid tax then small issue la almost all small company did that. play golf also book under company as biz social cost.

This post has been edited by Lescotesco: Mar 12 2024, 08:50 AM

Split tax collected into 2 categories.

Halal - from halal source and for Muslims only

Non-Halal - from non-halal source and for non-Muslims only.