Comprehensive Transfer Pricing Documentation Solution

The Inland Revenue Board (IRB) has made it mandatory for companies to prepare and maintain proper transfer pricing document. Failure to comply could lead to hefty penalties, ranging between RM20,000 and RM100,000 per year, per company. Protect your businesses and ensure compliance to IRB with Cerebro Tax’s comprehensive transfer pricing documentation solutions.
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Cerebro Tax

Protect Your Business, Stay Compliant

Innovative Transfer Pricing Solution

Our easy-to-use transfer pricing solution will guide you through your financial journey, ensuring you stay on top of your tax obligations

Tailored for Your Business

Cerebro Tax is specifically designed for income reporting and revenue-driven companies within a group – the perfect fit for every business needs

Protect Your Business

Let our solution help your business navigate compliance with accurate documentation to minimize the risk of costly fines

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FAQ

Who is required to prepare transfer pricing (“TP”) documentation?

Generally, any Malaysian company having business relationships with its related companies (irrespective of whether these are overseas or domestic associated persons) are required to prepare TP documentation.

Why the need for transfer pricing documentation?

Who is the “reporting entity” who is primarily responsible to the prepare Transfer Pricing Documentations?

What is the penalty for not having prepared Transfer Pricing Documentation?

What is an arm’s length transaction?

Why is Transfer Pricing Documentation important?

What is a Transfer Pricing Audit?

What is a Related Party or Related Company?

Why do you need Cerebro Tax in your Transfer Pricing Documentation?

What is a Self-Test in Transfer Pricing Documentation?

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Stay compliant

Adhere to IRB Requirements

Our solution implements the minimum transfer pricing template released by IRB in November 2022, guaranteeing that your documentation meets all necessary regulations.

Effective approach

Expert Collaboration

Renowned tax expert Dr. Choong Kwai Fatt has partnered with Cerebro to combine cutting-edge technology with his in-depth tax technical guidance to provide a complete and in-depth strategy for mitigating tax risks.

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COLLABORATION WITH MALAYSIA’S LEADING TAX SPECIALIST

Meet Dr. Choong Kwai Fatt

Dr. Choong Kwai Fatt, Ph.D., is a renowned tax authority and leading tax specialist in Malaysia with 31 years of experience providing tax consultancy services to listed companies, audit firms, legal firms, and the Malaysian government. He was one of the eight-panel members appointed by the Malaysian Ministry of Finance to review tax reforms in the country, including the goods and services tax (GST). His research works have been quoted in many tax cases and have influenced the formulation of tax policies in Malaysia.

Dr. Choong is a member of the Malaysian Bar, the Association of Chartered Certified Accountants (ACCA), the Malaysian Institute of Certified Public Accountants (MICPA), and the Malaysian Institute of Accountants (MIA). His knowledge, experience and expertise in taxation and tax laws are very much sought after by the accounting profession, listed companies and legal firms.

Being conversant in both accounting and law, Dr. Choong is well-qualified to provide sound advice on income tax legislation, its applications, interpretations, and the proper maintenance of company accounts and documentation to reflect commercial substance. He also offers invaluable insights into navigating complex tax issues and specializes in GST, tax planning, restructuring and appeal related to transfer pricing, tax investigation, penalties, tax evasion and anti-money laundering matters.

Simplify documentation

Timely Preparation

Your business’ transfer pricing documentation must be ready before submitting for tax return (Form C). With Cerebro, you can confidently meet this deadline and avoid complications with IRB.