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.
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.
This publication provides guidance on the application of MFRS 139’s impairment rules to investments in equity instruments that are classified as available-for-sale (AFS equity investments).
This publication considers the appropriate accounting for contracts that require an entity to make payments based on future entity revenues or product sales.
The Inland Revenue Board of Malaysia has issued a Media Release to provide clarification regarding the imposition of penalty at a rate of 100% which will be implemented with effect from 1 January 2018. Under the Income Tax Act, 1967, the Director General of Inland Revenue is given the power to impose a penalty for the offence of default in declaring income or in declaring correct income which is subject to tax.
This publication provides guidance on when an entity designates a cash flow hedge of a highly probable forecast transaction, what are the accounting consequences.
This publication provides guidance on when an entity designates a cash flow hedge of a highly probable forecast transaction, what are the accounting consequences.
Recap of the New Tax Reliefs / Increases in Tax Relief for Individuals for the Year of Assessment 2016.
The gender diversity issue has been on the business agenda for many years now, yet a third of businesses still have no women at a senior management level. Somewhere there is a disconnect.
In this Hot Topic, it is assumed throughout that the host sale or purchase contract is outside the scope of MFRS 139. Contracts that can be settled net (rather than by physical delivery and gross settlement) are within the scope of MFRS 139 unless they are for the entity’s expected sale, purchase or usage requirements (MFRS 139.5).