Malaysia Transfer Pricing Guidelines 2024
On 24 December 2024, the Inland Revenue Board of Malaysia (“IRBM”) released the Malaysian
Transfer Pricing Guidelines 2024 (“MTPG 2024”), replacing the previous guidelines issued in 2012.
The MTPG 2024 are more comprehensive and aligned with the OECD’s Transfer Pricing Guidelines
and the Income Tax (Transfer Pricing) Rules 2023. Although issued in December 2024, the guidelines
are effective from the year of assessment 2023.
On 24 December 2024, the Inland Revenue Board of Malaysia (“IRBM”) released the Malaysian
Transfer Pricing Guidelines 2024 (“MTPG 2024”), replacing the previous guidelines issued in 2012.
The MTPG 2024 are more comprehensive and aligned with the OECD’s Transfer Pricing Guidelines
and the Income Tax (Transfer Pricing) Rules 2023. Although issued in December 2024, the guidelines
are effective from the year of assessment 2023.
