TP FAQs 4: What Needs To Be Included in a Local File?

Income Tax (Transfer Pricing) Rules 2012

Under Rule 4(2) of the Income Tax (Transfer Pricing) Rules 2012, the contemporaneous transfer pricing documentation shall include records and documents that provide a description of the following matters:

1. organisational structure, including an organisation chart covering persons involved in a controlled transaction;

2. nature of the business or industry and market conditions;

3. the controlled transaction;

4. strategies, assumptions and information regarding factors that influenced the setting of any pricing policies;

5. comparability, functional and risk analysis;

6. selection of the transfer pricing method;

7. application of the transfer pricing method;

8. documents that provide the foundation for or otherwise support or were referred to in developing the transfer pricing analysis;

9. index to documents; and

10. any other information, data or document considered relevant by the person to determine an arm’s length price.

根据《2012 年所得税 (转让定价) 细则》第4（2）条]，同期转让定价文档应包括提供以下事项的记录和文件:

1. 组织结构，包括涉及受控交易人员的组织结构图。

2. 业务或行业的性质和市场条件。

3. 受控交易。

4. 影响任何定价政策制定的战略、假设和因素的信息。

5. 可比性、功能和风险分析。

6. 转让定价方法的选择。

7. 转让定价方法的应用。

8. 为转让定价分析提供基础或以其他方式支持或在制定转让定价分析时参考的文件。

9. 文件的索引；以及

10. 该纳税人士认为与确定正常价格有关的任何其他信息、数据或文件。

In layman's words, the Income Tax (Transfer Pricing) Rules 2012 mandate that Malaysian entities that conduct business with associated persons must compile contemporaneous Transfer Pricing documentation per the above requirements.

This applies to both cross-border as well as domestic transactions.

The Inland Revenue Board of Malaysia also published Malaysian Transfer Pricing Guidelines 2012 to explain the provision of Section 140A in the Income Tax Act 1967 and the Income Tax (Transfer Pricing) Rules 2012.

It governs the standard and rules based on the arm's length principle to be applied to transactions between associated persons.

The Transfer Price Guidelines 2012 provide additional clarification that the requirements for the preparation of contemporaneous transfer pricing documentation that are mandated by the TP Rules would be limited to the following:

• for a person carrying on a business, where the gross income exceeds RM25 million, and the total amount of related party transactions exceeds RM15 million; or

• in relation to financial assistance, where such financial assistance exceeds RM50 million (the Guidelines do not apply to transactions involving financial institutions).

用通俗的话说，《2012 年所得税 (转让定价) 细则》规定，与关联人士开展业务的马来西亚实体，必须按照上述的要求准备同期转让定价文档。

这既适用于跨境交易，也适用于国内本土交易。

马来西亚内陆税收局还发布了《2012年马来西亚转让定价指南》，以解释《1967年所得税法》第140A条和《2012年所得税（转让定价）规则》中的规定。

针对关联人士之间的交易，它规范了独立交易原则适用的标准和规则。

《2012年转让价格指南》提供了补充说明，即《转让定价细则》所规定的编制同期转让定价文件的要求将限于以下的情况：

• 对于经营业务的人士，其总收入超过 2,500 万令吉，并且关联方交易总额超过 1,500 万令吉；或

• 就财政援助而言，该财政援助超过 5,000万令吉（该指南不适用于涉及金融机构的交易）。

Limited Transfer Pricing Documentation

Any person which falls outside the scope above:

• may opt to fully apply all relevant guidance as well as fulfil all Transfer Pricing Documentation requirements in the Guidelines; or

• alternatively may opt to comply with TP Documentation requirements under paragraphs 25.4(a), (d) and (e) only:-

  • organisational structure;

  • Controlled transactions; and

  • Pricing policies.

In this regard, the person can apply any method other than the five described in the Guidelines, provided it results in or best approximates arm's length outcomes.

任何不属于上述范围的人士：

1. 可以选择完全采用相关指南，并满足《指南》中所有转让定价文件的要求；或

2. 可以选择只遵守第25.4(a)、(d)和(e)段的转让定价文件的要求，即只准备：

   • 组织结构。

   • 受控交易；以及

   • 定价政策。

在这方面，纳税人士可以采用《指南》中描述的五种方法之外的任何其他方法，只要其结果是或最接近公平交易的价格。

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