Malaysia’s Finance Minister delivered the 2015 Budget on 10 October 2014. The current statute of limitation for tax adjustment in Malaysia is five years. According to the budget assessments or additional assessments may be made within five years after the end of the relevant year of assessment. Under the budget proposals for 2015 this would be extended to seven years for transfer pricing issues.
Related Posts
Malaysia eases e-invoice identification rules for individual buyers
The Inland Revenue Board of Malaysia (IRBM) released version 4.9 of its e-Invoice Specific Guideline on 7 September
Read More
Macau, Malaysia explore income tax treaty
Officials from Macau and Malaysia met on 4 September 2026 to discuss strengthening bilateral cooperation, including
Read More
Malaysia: IRBM raises e-invoice exemption threshold to MYR 3 million
The Inland Revenue Board of Malaysia (IRBM) has published the e-Invoice Guideline Version 4.8 on 30 August 2026. This
Read More
Malaysia gazettes Income Tax (Transfer Pricing) (Amendment) Rules 2026
Malaysia’s government has published Order No. P.U. (A) 300/2026, the Income Tax (Transfer Pricing) (Amendment) Rules
Read More
Malaysia extends foreign-sourced income tax exemption to end-2030
Malaysia has published the Income Tax (Exemption) (No. 3) Order 2024 (Amendment) Order 2026 in the Official Gazette on
Read More
Malaysia issues transfer pricing guidelines for intra-group loans
Malaysia's Inland Revenue Board (IRBM) has published the Malaysia Transfer Pricing Guidelines for Intra-Group Loans
Read More