Malaysians are entering a red alert zone of doing inter-company business. Be caution and aware!
The TRANSFER PRICING rules are hitting every business in Malaysia. While similar rules in other countries usually applicable on cross border (international) transactions, in Malaysia it is applicable even on local transactions.
You could gain some insight knowledge about Transfer Pricing from this article.
The latest Transfer Pricing Rules 2012 was gazetted on 11 May 2012.
You may also read this Advance Pricing Arrangement Rules 2012 which was also gazetted on 11 May 2012.