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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.
MFRS 18 ‘Presentation and Disclosure in Financial Statements’ was issued by the Malaysian Accounting Standards Board (MASB) in June 2024. MFRS 18 replaces MFRS 107 ‘Presentation of Financial Statements’ for annual reporting periods beginning on or after 1 January 2027.
On 5 January 2026, the Inland Revenue Board of Malaysia (IRBM) has issued a Media Statement, Operational Guideline (effective 1 January 2026) and Frequently Asked Questions (FAQs) regarding Stamp Duty Special Voluntary Disclosure Programme (SVDP) on 28 January 2026.
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.
This publication series sets out how MFRS 18 introduces consequential amendments to other Malaysian Financial Reporting Standards and what this means for financial reporting.
This publication series sets out a high-level overview of MFRS 18’s new requirements, along with practical insights into the application challenges. In this series we will be looking at new and enhanced guidance on aggregation and disaggregation of information in the financial statements.
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.