Quick Updates

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Transfer pricing practices

Date: 17 September 2021

Transfer pricing generally refers to intercompany pricing arrangements for the transfer of goods, services and intangibles between associated persons.

Transfer pricing focuses on arm's length transactions and fairness in treatment of business transactions.

​Effective from Jan 1, 2021, IRB requires TP documentation to be submitted within 14 days upon request. Failure to do so may lead to a fine between RM20,000 to RM100,00 or prison term up to 6 months or both.

Arm's length Pricing

Date: 15 September 2021

According to the arm's length principle, a transfer price is acceptable if all transactions between associated parties are conducted at arm's length price. 

Arm's length price is the price which would have been determined if such transactions were made between independent entities under the same or similar circumstances.

Photo credit: https://www.thebalancesmb.com/what-is-an-arms-length-transaction-398128​

Related party transaction

Date: 14 September 2021

Related Party Transaction is any transaction, arrangement or relationship, or any series of similar transactions, arrangements or relationships, in which the Company or any of its subsidiaries is or will be a participant, and any Related Party has or will have a direct or indirect interest.​

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Who are we

Our Services

We are here to help individuals, business owners, corporate management team and organizations
​to achieve their goals in accordance to the regulations and compliances.

We offered a wide range of services to support our clients and create valuable experiences throughout these engagements.

Audit & assurance services

Our audit and assurance services includes annual statutory audit, due diligence , special audit as well as agreed upon procedure audit.

Tax
compliance​

We focus on the importance of compliance to tax regulations and also maximizing government's  benefit on tax incentives. ​

Other professional
​services

We have a strong team of experts who are always ready to provide solutions to meet your objectives and add value to your Company.

Connect with Us
WAN & COMPANY 
​(Chartered Accountants) (AF0341)
​E-mail (Official):  
wan@wan-company.com
​
​E-mail(Career):​ wancompany.recruitment@gmail.com

Contact: +603-5562 8844

Instagram user: wanandcompany
Linked in page: Wan & Company 
Website: http://www.wanandcompany.co/
Location

​No 40-1, Jalan Jurureka U1/40,
Seksyen U1,
Hicom Glenmarie Industrial Park,
40150, Shah Alam, Selangor Darul Ehsan​, 
​Malaysia