IRB centralises, decentralises categories of files

The IRB said the implementation is also to meet the requirements of the Transfer Pricing Guidelines 2012, effective Jan 1,2021

KUALA LUMPUR: The Inland Revenue Board (IRB) is implementing the centralisation and decentralisation of certain categories of taxpayer files in line with the government’s policy on tax treatment for small and medium enterprises (SMEs).

The IRB said the implementation is also to meet the requirements of the Transfer Pricing Guidelines 2012, effective Jan 1,2021.