Read our insights

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

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