Comparing Negative Interest Rates Policy & Mudarabah Investment Deposits
Heavyweight economies such as Sweden, Denmark, Switzerland, Japan, and EU (via the European Central Bank) initially introduced negative interest rate policies in order to stimulate their economies through money lending activities and to attract more local and international borrowers.
Key Budget 2019 Proposals
Ibrahim Abdullah, Head of Section, International Taxation Policy 1, Tax Division, Ministry of Finance Malaysia, gave an overview of the key Budget 2019 proposals at the recent MIA Budget 2019 seminar. The following are the highlights.
SST Updates & Insights
At the 2019 Budget Seminar, Amirulita Mohd Yusoff, Deputy Director of Customs, Internal Tax Division, Royal Malaysian Customs Department, covered the latest developments on SST Legislation and Guides.
Procuring Service from Foreign Providers; here’s an additional 6% tax
Effective 1 January 2019, Malaysian businesses – including those not SST registered – are required to self-account for 6% service tax upon procuring certain services from foreign service providers. What are the implications?
Comparison between MPSAS, MFRS and MPERS: Intangible Assets
This article analyses the accounting treatment for intangible assets under Malaysian Public Sector Accounting Standard (MPSAS) 31, Malaysian Financial Reporting Standard (MFRS) 138 and Section 18 of Malaysian Private Entities Reporting Standard (MPERS).
Root Cause Analysis (RCA) – An Essential Process to Improve Audit Quality?
Audit practitioners must identify the root causes impairing audit quality to ensure the success of their Remedial Action Plan (RAP) under the new Practice Review Framework.
Fair Value Accounting in MPERS
Fair Value Accounting issues and challenges in applying MPERS
A Look at Asset Impairment
Comparison between MPSAS, MFRS and MPERS: Impairment of Assets.
How will MFRS 15 and 16 Affect Tax Reporting?
Two new standards, MFRS 15 – Revenue Recognition and MFRS 16 – Leases, effective from 1 January 2018 and 1 January 2019 respectively, are projected to have significant impact not just on accounting and financial reporting, but also tax reporting.
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