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85 posts

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.
  • February 15, 2019
  • 1.1K views

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.
  • February 15, 2019
  • 1.3K views

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?
  • February 15, 2019
  • 20.4K views

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).
  • December 18, 2018
  • 12.6K views

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.
  • October 24, 2018
  • 4.2K views

Fair Value Accounting in MPERS

Fair Value Accounting issues and challenges in applying MPERS
  • October 24, 2018
  • 5.3K views

The End of Par Value

Key impacts of Companies Act 2016 on Financial Statements
  • October 24, 2018
  • 6.2K views

A Look at Asset Impairment

Comparison between MPSAS, MFRS and MPERS: Impairment of Assets.
  • October 24, 2018
  • 2.7K views

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.
  • August 1, 2018
  • 8.6K views

Earnings Stripping Rules – Pros and Cons

The proposed ESR will curb businesses, especially multinationals, from using interest deductions to pare down domestic tax.
  • August 1, 2018
  • 1.9K views