Treasure Advisory Sdn. Bhd. 201801013345 (1275361-P)
D-1-09, Plaza Arkadia, No.3, Jalan Intisari Perdana,
Desa Parkcity, 52200 Kuala Lumpur, Malaysia.
BENCHMARKING is an economic analysis by using transfer pricing methodologies to determine the arm’s length prices and to support the prices set in transactions between related parties in the Contemporaneous Transfer Pricing Documentation (CTPD). This process is performed by adhering to the requirements in the functionality test which includes the functions, assets used, and risk undertaken along with other comparability factors. The selection of the appropriate group of comparable transactions from independent parties is crucial in the process of determining the arm’s length prices of related parties.
This set of comparable data will be used as the basis to defend your positiion in a tax audit to minimise the risk of any transfer pricing adjustment. Since benchmarking is the backbone of the CTPD, these data should be reliable and publicly made available as opposed to secret comparables. A reliable set of data used should mirror as closely as possible the economic circumstances of your business situation.
We conduct benchmarking and comparability analyses using SPEEDA—a business intelligence platform that offers extensive coverage of private company data and in-depth insights into the Asian market, enabling us to deliver robust and reliable analyses.
Provide us your
tested party SIC
Code.
Let us know which
industry and sector
your business
is operating in.
Commercial activities that your company engages in for generation of majority income—usually found in Annual Return docs and Audited Financial Statement.
The country of
principal activities.
CONTACT US
– we will guide
you.
Benchmarking analysis plays a crucial role in transfer pricing documentation, especially in the context of transfer pricing Malaysia regulations. In transfer pricing, Benchmarking refers to the methodical process of comparing a company’s controlled transactions with similar business conditions of uncontrolled transactions to establish arm’s length prices. This analysis is essential for preparing comprehensive and contemporaneous transfer pricing documentation, which is mandatory in Malaysia.
Treasure Advisory Sdn. Bhd. 201801013345 (1275361-P)
D-1-09, Plaza Arkadia, No.3, Jalan Intisari Perdana,
Desa Parkcity, 52200 Kuala Lumpur, Malaysia.