The MIA Sustainability, Digital Economy and Reporting Insights provides quarterly updates on the Institute’s advocacy in sustainability, digital economy, tax, reporting and research. As the voice of the Malaysian accountancy profession, MIA delivers these Insights to help members stay ahead of regulatory, sustainability and digital developments shaping the profession’s future.
MIA Sustainability Framework and Strategy Plan Workshop Series
Following the approval of the MIA Sustainability Framework and Strategy Plan (the Framework) by the Council in May 2025, MIA held a series of internal workshops in July 2025 to raise awareness and support its implementation. This initiative reinforces MIA’s commitment to organisational sustainability and supports the MIA Sustainability Blueprint for the Accountancy Profession.
The series culminated in a high-level briefing on 29 July 2025 for Council Members and the Management Committee, featuring opening remarks by the MIA President on the Institute’s sustainability vision and direction. Two sessions were held for staff in the same month on “Introduction to Sustainability” and “Introduction to the NSRF, Data Collection and MIA Sustainability Framework”.
The workshops reflect MIA’s commitment to embedding sustainability within both the accountancy profession and its own operations, supporting national sustainable development goals and marking a key milestone in MIA’s sustainability journey.
Artificial Intelligence 101
Recognising the importance of Artificial Intelligence (AI) for the profession and beyond, MIA hosted a complimentary webinar titled “Artificial Intelligence 101” on 18 September 2025, drawing over 800 participants.
The programme covered the fundamentals of AI, shedding light on its core concepts, wide-ranging benefits and practical applications in the accountancy profession, while also addressing the ethical considerations and potential risks associated with AI adoption. The session was moderated by Bryan Chung, Member of MIA Digital Technology Implementation Committee and Chair of MIA AI Advisory Group, and featured speakers Jason Robinson, Director & Co-Founder of Future Advisory, together with Chan Wei Khjan, Audit and AI Advisory Leader, YYC & Co PLT. The key takeaway was clear: AI is not just the future — it is already here, driving change that professionals must be ready to navigate.
Voices from MIA Accounting & Finance Technology Showcase 2025
The “Voices from MIA AFT 2025” video series, now featuring seven videos, highlights key perspectives from leading technology providers at the MIA Accounting & Finance Technology Showcase 2025 (MIA AFT 2025). Packed with expert insights, the series explores various topics on how digitalisation is transforming and shaping the accountancy profession.
Watch the newest videos from the “Voices from MIA AFT 2025” series on MIA’s official YouTube channel and stay tuned for upcoming releases.
SST Scope Expansion 2025: What You Must Know
Nearly 1,000 participants tuned in for the SST Scope Expansion 2025: What You Must Know webinar. Moderated by Rafidah Mohd Noor, MIA Tax Manager, the session featured tax experts Ng Sue Lynn of KPMG Malaysia and Chan Kwan Yee of BDO Malaysia, who provided clear and structured updates on the key changes ahead. The presentation by Kwan Yee outlined what businesses need to prepare for when the expanded Sales and Service Tax framework takes effect from 1 July 2025.
The two-hour event went beyond policy updates to offer practical guidance. With insights from both experts, the panel discussion addressed real industry challenges, including navigating transitional rules and managing compliance risks effectively.
Participants gained a clearer understanding of which industries, goods, and services are now in scope, the compliance issues to watch for, and strategies to manage tax exposure. For companies, the message is unmistakable: the SST expansion is a significant regulatory development that warrants timely attention and preparation.
Joint Memorandum for Budget Consultation 2026
In the Joint Memorandum for Budget 2026, MIA and the Malaysian Institute of Certified Public Accountants (MICPA) highlighted fresh proposals to ease cost-of-living pressures and enhance inclusivity i.e. including tax deductions for community services, scholarship support, a review of personal tax reliefs, and wider individual tax bands. These new measures, framed around the MADANI values of trust and compassion, complement broader recommendations on Environmental, Social, and Governance (ESG) incentives, small and medium-sized Enterprise growth, and Labuan’s revival as a tax hub, underscoring the call for a tax system that is both competitive and people-focused.
Article on Overview of the Third Edition of IFRS for SMEs Accounting Standard
In February 2025, the International Accounting Standards Board (IASB) released the third edition of the IFRS for SMEs Accounting Standard (the Standard), introducing significant updates to better reflect developments in full International Financial Reporting Standards (IFRS) while keeping the framework practical for small and medium-sized entities. This latest edition incorporates significant updates on key areas such as financial instruments, fair value measurement, business combinations, and revenue. The revised Standard will take effect for reporting periods beginning on or after 1 January 2027. Click link to get a glimpse of the updates to the Standard.
