Taxing Bitcoin: A Cryptic Challenge

In the murky bitcoin market, regulators are still figuring out the accounting and tax implications. Bitcoin is an internet-based cryptocurrency or virtual money that allows anyone to transact with anyone else, anywhere at any time, instantaneously at marginal cost, with confidence and privacy, without friction nor censorship.

How Should We Tax E-Commerce?

Can global and local tax regulations catch up with the digital economy to ensure it pays its fair share of tax, without stifling growth?

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.

Earnings Stripping Rules – Pros and Cons

The proposed ESR will curb businesses, especially multinationals, from using interest deductions to pare down domestic tax.

Re-examining Transfer Pricing Documentation

The Inland revenue board malaysia (IRBM) announced new updates to the Transfer Pricing Guidelines 2012, effective from 15 July 2017, which introduced changes to the chapters on Arm’s Length Principle, Intangibles, Commodity Transactions and Documentation. We check out the impacts.

Transfer Pricing Updates

What You Need to Know about the Malaysian Updates to Transfer Pricing Guidelines incorporating the BEPS Action Plans 8 to 10.

How to Value a Business

The starting point for business valuation is by analysing an entity’s financial statements, but don’t forget to dig deeper, study qualitative factors and comparative information to piece together a complete picture.

Lease Accounting – A New Era

How will MFRS 16 Leases impact the balance sheet and financial statements?

Are You Ready for MFRS 15?

How should companies go about applying MFRS 15 Revenue from contracts with customers?

Impacts of MFRS 9 Financial Instruments

What do companies need to know about MFRS 9 Financial Instruments?