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On 9 June 2025, the Malaysian Government announced that effective 1 July 2025, the Sales and Service Tax (SST) framework will be updated with an expanded scope of service tax and revised sales tax scope.

This article discusses accounting after the acquisition date.

Both e-Invoice Guidelines (e-Invoice Guideline Version 4.4 and e-Invoice Specific Guideline Version 4.2) were updated by the Inland Revenue Board of Malaysia (IRBM) on 5 June 2025.

MFRS 3 ‘Business Combinations’ contains the requirements for these transactions, which can be challenging in practice. This article discusses how goodwill, or a gain from a bargain purchase, is initially recognised and measured under MFRS 3, which represents the final step of applying the acquisition method.

Updated e-Invoice Guideline: 18 March 2025

While a number of Malaysian Financial Reporting Standards were amended as a consequence of the release of MFRS 18, the most significant amendments were made to the following Malaysian Financial Reporting Standards

Under the new requirements of MFRS 18, items of income and expense are not classified based on their own nature, but rather they are classified based on the nature of the asset, liability or transaction from which they are derived.

Progress towards gender parity in mid-market firms is moving in the right direction – but not quickly enough. For 21 years, we’ve tracked the ratio of women occupying senior management roles in mid-market firms around the world. In the last five years, we’ve seen sustained growth on this key measure, but the rate of change is still too slow.

Updated e-Invoice Guidelines and General FAQs: 21 & 22 February 2025​

Updated e-Invoice Guidelines and General FAQs : 28 January 2025

Under the new requirements of MFRS 18, items of income and expense are not classified based on their own nature, but rather they are classified based on the nature of the asset, liability or transaction from which they are derived.

Under the new requirements of MFRS 18, items of income and expense are not classified based on their own nature, but rather they are classified based on the nature of the asset, liability or transaction from which they are derived.

Entities should begin preparing for MFRS 18 ‘Presentation and Disclosure in Financial Statements’ sooner rather than later. Changes from MFRS 101 ‘Presentation of Financial Statements’ could have a significant impact on the financial statements.

Updated Budget Adviser 2025

Budget Adviser 2025

The e-Invoice Rules [Income Tax (Issuance Of Electronic Invoice) Rules 2024] was released by the Ministry of Finance (MOF) on 1 October 2024 while both of the e-Invoice Guidelines (e-Invoice Guideline Version 4.0 and e-Invoice Specific Guideline Version 3.1) and e-Invoice General Frequently Asked Questions (FAQs) were updated by the Inland Revenue Board of Malaysia (IRBM) on 4 October 2024.