The Inland Revenue Board of Malaysia reportedly announced during a 24 March 2016 consultation with the Chartered Tax Institute of Malaysia that they are planning to make changes based on Action 13 of the OECD BEPS Project. This includes amending current Master and Local file documentation requirements to bring them in line with the Action 13 guidelines, as well as introducing Country-by-Country (CbC) reporting requirements. Details of the new requirements and effective dates are not yet avail…