This publication, an overview of the tax landscape across six key ASEAN markets: Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam, serves as a guide in navigating through evolving tax and regulatory landscape.
The e-Invoice Specific Guideline (e-Invoice Specific Guideline Version 4.6) and the e-Invoice General Frequently Asked Questions (FAQs) were updated by the Inland Revenue Board of Malaysia (IRBM) on 5 January 2026. There are salient changes to the e-Invoice Specific Guideline and the General FAQs.
This article covers MFRS 3’s disclosure requirements. An illustrative disclosure is provided at the end of this article, including insights on certain disclosure areas.
MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide comment and points of view and give you a summary of any significant developments. 2018 sees some of the biggest changes in recent standard setting came into effect. Both MFRS 9 ‘Financial Instruments’ and MFRS 15 ‘Revenue from Contracts with Customers’ are mandatory for accounting periods beginning on or 1 January 2018. While most companies will be well aware of the changes and will have already taken steps to start implementing them, we give you a brief overview of the most significant changes.
Issuance of Practice Note No. 1/2018 by the Inland Revenue Board of Malaysia
This edition of MFRS Hot Topics, the term ‘client money’ is used to describe a variety of arrangements in which the reporting entity holds funds on behalf of clients.
Businesses globally have taken one step forward but one step back on women in leadership. Significantly more businesses (75% in 2018 v 66% in 2017) now have at least one woman on the senior management team, but the proportion of the team that is female has slipped from 25% to 24%, according to Grant Thornton International Ltd.’s annual Women in Business report.
Recap of Relief Reviewed / New Tax Reliefs for Individuals for the Year of Assessment 2017
This edition of MFRS Hot Topics provides guidance on howIf an entity constructs a new building on the site of a former building, is the carrying value of the old building part of the cost of the new building?
A single, global converged, principal-based revenue recognition model – MFRS 15 Revenue from Contracts with Customers is effective from 1 January 2018 and it replaces most revenue recognition standards, e.g. MFRS 118 Revenue, MFRS 111 Construction Contracts and etc. Companies should not underestimate the level of judgment and attention to the documentation supporting those judgments.
This edition of MFRS Hot Topics provides guidance on how should the costs of an initial public offering (IPO) that involves both issuing new shares and a stock market listing be accounted for.
This edition of MFRS Hot Topics provides guidance on the issues encountered when an entity determines that it is not appropriate to prepare its financial statements on a going concern basis.
This issue considers the reverse acquisition by a listed company.
This Budget analysis provides details on various tax measures that were announced in the 2018 Budget speech.
This issue considers how a purchaser accounts for discounts and rebates when buying inventory.
Heartiest congratulations to our leaders on their leadership roles in their respective prestigious institutes. We wish our leaders every success and may they bring their institutes to greater success.
This edition considers whether the purchase of an investment property is accounted for as a business combination or as an asset purchase.
This edition provides a framework for accounting for loans made by an entity to a related party that are at below-market levels of interest.
Further to the Finance Act 2017 being gazetted on 16 January 2017, The Inland Revenue Board of Malaysia has issued two Practice Notes to clarify issues pertaining to the amended Section 15A of the Income Tax Act 1967 specifically relating to issues on effective date and on existing Double Taxation Avoidance Agreement.