Read our insights

This article summarises this specific guidance and provides examples to illustrate its application.

This article sets out the definition and underlying principles of fair value, gives a brief overview of permissible valuation techniques and presents MFRS 3’s specific guidance on fair value measurement.

According to data in the World Economic Outlook (WEO) report issued by the International Monetary Fund (IMF) in April 2025, and based on economic conditions that currently exist, certain countries are considered to be hyperinflationary at 30 June 2025. Therefore, reporting entities in those countries will be required to apply MFRS 129 'Financial Reporting in Hyperinflationary Economies'.

This article explains and provides examples of the accounting treatment for modifications and cancellations of share-based payment arrangements with employees.

This second part of the publication is intended to demonstrate the order of magnitude of the reductions to certain standards to help entities decide whether applying MFRS 19 will be beneficial.

MFRS 19 ‘Subsidiaries without Public Accountability: Disclosures’ (the Standard) creates a reduced set of disclosures that certain in-scope entities can elect to apply instead of the disclosure requirements set out in other MFRS Accounting Standards.

This article discusses the accounting for share-based payment transactions when employees of an entity receive shares or rights to shares in another entity within the consolidated group, such as the parent entity.

Both of the e-Invoice Guidelines (e-Invoice Guideline Version 4.5 and e-Invoice Specific Guideline Version 4.3) were updated in relation to the e-Invoice Specific Frequently Asked Questions (FAQs) for Donations or Contributions released by the Inland Revenue Board of Malaysia (IRBM) on 7 July 2025. The updated e-Invoice General Frequently Asked Questions (FAQs) was released on 9 July 2025.

The ESG Tax Deduction Rules [Income Tax (Deduction for Expenditure in relation to Environmental Preservation, Social and Governance) Rules 2025] was gazetted on 23 June 2025.

Our ‘Insights into MFRS 3’ series summarises the key areas of the Standard, highlighting aspects that are more difficult to interpret and revisiting the most relevant features that could impact your business. This article explains the recognition principles set out in MFRS 3.

This article sets out the requirements for recognising and measuring any non-controlling interest (NCI).

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